I’m Current on My Credit Cards But Want to Consolidate Them. – Laurie

“Dear Steve,

I am current of all of my debt. Do not have any past due debt. I do have about 25,000 in credit card debt and would like to consolidate, however am having a difficult time finding someone. Also, my main problem is that I have a Bank of America card fo 12,000 that they just raised my interest rate to 24.99%. I have called and ask them to lower it and they won’t even work with me. Any suggestions?


Dear Laurie,

I just wrote about a Bank of America 24.99% credit card rate, read this.

Your only option would be to look in to a debt management program. In a debt management program, Bank of America, will reduce your interest rate as low at 7% but it will hurt your credit.

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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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