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Home > Ask The Get Out of Debt Experts > I’ve Got Some Cash on Hand. Should I Settle With Amex? – James

About Steve Rhode

Steve Rhode
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.
  • James

    I contacted Amex and spoke with an account specialist. I paid $12,000 on my personal card (was at 10% interest) leaving a balance of under $2,000. They transferred the $2,000. to my business card and lowered that card’s rate to 4.95%. Still $15K in debt, but with it on one card at a low rate I can pay it off in 16 months.

    This is what I had intended to do, but wanted to examine the pros and cons to the options available to me.
    Thanks for the advice and being here for those who need it.


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