“Dear Steve, My son is out of the country and I am paying off his loan. We are seniors. He has volunteered to pay himself. However, by the time currency exchanges have been calculated, it is cheaper for us the pay his loan. We have ‘myfedloan.org’ loans at 6.8% which I think is very high. …
“Dear Michael, I’m 49 and married. Credit card is with Capitol One and I’ve had it for at least 6 years. No late payments. I don’t remember what my interest rate used to be, I think around 18%, but they raised it a couple of years ago to 24%! A few months ago my limit …
“Dear Damon, I have Lots of valid credit card debt. Is there a safe, do it yourself way to reduce the percentages on credit cards? Is calling and asking for reduced APRs doable…..do you need a sob story? Laurie” Hello Laurie, That depends on your definition of safe. You can certainly call your creditors and …
“Dear Steve, I have a few credit cards with high interest rates.. What can i do to lower the interest rates? Richard” Dear Richard, If you are not having problems making payments your two logical options are to: Click here for credit counseling information. Visit LendingClub.com and consolidate your current dent into a lower interest …
“Dear Steve, I am 58 years old, married with one grown child (married and out of the household). I am employed and my wife is as well. I have a very stable position that compensates me approx. $135,000 year and I also receive a retirement annuity in the amount of $15,000/year. My wife works part …
“Dear Steve, I have $22K in credit card debt(on one card) with an 8.99% variable rate. Minimum payment is about $450/month. I have recently began to pay more than the minimum(last month i paid $1000) since I would love to pay this off or at least bring it down so my minimum payment isnt so …
Barbara “Dear Steve, What can I say. With the ecomony the way it is it seems that prices for everything continues to rise but my paycheck doesn’t. I am grateful to have a job but the interest rates on my cards are making it extremely difficult to balance my family needs such as, groceries, car …
“Dear Steve, We owe about $8300 on two credit cards and I want to get the interest rates lowered so I can get them paid off sooner. I do have other debts but do not want them on this. What group is the best to help on this without hurting us more and are not …
“Dear Steve, Can I call a credit card company and ask them to lower the amount and I can pay that in full. So if I owe 2800 for one card can I tell them I can afford to pay 2200 right now to pay it all off. Maybe they have a hidden 10% option? …
Melinda “Dear Steve, I made late payments a couple of times on my Bank of America Visa card. Now my interest is at 27% on $11,000.00. I cannot afford the payment minmum that they require. Should I try to talk them into lowering my interest rate back to a something more reasonable? Does that usually …