I have got 8000 in debt to Chase, i am paying them 100.00 a month, but they add on so many extras it keeps getting bigger instead of it coming down. The lst letter i got from them is telling me they are going to up the interest if i dont pay more. iam on ss and i dont know what else to do. Help Thanks
I was paying 79.00 a month and somehow they added on 700.00 dollars, which i know was alright, but the payment started jumping to 200.00 to 300.00 and now is almost 400.00 amonth.
Let’s take this in stages. The first thing I would suggest is that you click here for credit counseling information and talk to a credit counseling group to see if they can lower the interest on that account.
Then, we need to start thinking about what we are going to do from more of a big picture view.
- Do you have other debts you are paying?
- Are you using credit to make ends meet?
- Can you get by on your income?
- What extras did they add on?
Check with the credit counseling group and then come back and post answers to my questions in the comments section below, please.