How Do I Get My Creditors to Stop Charging Me Interest So I Can Get Out of Debt? – Amelia

“Dear Steve,

Just a couple of credit cards for me and a couple for my husband. full amount $8K.

I would like to pay my credit cards but I would like for them to stop charging me interests. I am not going to use them ever again. I just want to pay them. Right now they are applying just half of my payments to principal. I want to make payments that will be apply to principal in full, so I can get rid of this debt once and for all.

Can I do it on my own, or I will need a law firm or consolidation people.

than you

Amelia”

Dear Amelia,

Outside of bankruptcy, which would stop interest all together you may want to consider two solutions.

1. Credit Counseling – In a credit counseling program your interest may be significantly reduced depending on who your creditors are. You can click here for credit counseling information.
2. Debt Consolidation Loan – If you have really good credit you can get a very low rate for an unsecured debt consolidation loan from LendingClub.com.

Please post your responses and follow-up messages to me on this in the comments section below.

Steve Rhode Debt Coach and Author

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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