Comments on: 6 steps to reducing your credit card interest rates

By: Mary

Mary — Tue, 30 Aug 2011 12:27:20 +0000

We have had to declare Chapter 13 Bankruptcy

By: JBS

JBS — Sat, 13 Aug 2011 15:30:14 +0000

Some of these comments show, not everyone is in credit card or other debt due to foolish spending.
Many small business owners and self employed, and folks who have lost jobs, have no other way to hold on to health insurance or homes.
The economy has hit hard.
In our case, we dont take vacations, buy clothing, do much of anything except try to keep our house and insurance paid.
We have had to borrow to keep our business open, and since it is the only way we can obtain health insurance we need to do that.
Where is the compassion in the Christian community from financial authors?
We are not all in this position from foolish living.
And in cases where one spouse is handling a whole load, or medical conditions or age prevent seeking much extra work, part time jobs are not always possible.
Sasha and Kathleen, blessings on you.

By: R. Lineberry

R. Lineberry — Wed, 10 Aug 2011 03:38:21 +0000

In 2008, I took out a 15K loan in order to pay off an IRS debt, my daughters high school graduation, and part of her college education and books. I haven’t made a dent in the balance since then. Their website says my loan amount is 25,500.00 at 17.99% for 86 months. I didn’t take out this much money. I am paying almost $400.00 a month. I cannot continue to keep paying this amount for the next 8 years. I should have never agreed to do this. The interest rate was a lot better than the IRS, but you know the IRS debt was coming down way faster than this was before I took it out. I have paid them almost $10K back. Is there any way you can negotiate a settlement with these people. The company is Citi Financial / One Main Financial now. I have got to get out from under this and soon.

By: Madalene Flever

Madalene Flever — Wed, 02 Feb 2011 06:27:43 +0000

The well written article helped me a lot! Saved your website, very interesting topics everywhere that I see here! I appreciate the information, thank you.

By: sasha

sasha — Thu, 16 Sep 2010 23:07:05 +0000

In Dec of 09 my husband made the stupid mistake of quitting his job to go for a different one which he ended up NOT getting after 2 days of orientation, soooo here I am now, working 3, yes 3, jobs because on top of my regular bills, I now have to pay all of his. He cant find work. We live in a rural town where manufacturing was the heartbeat of it for many years which is now all gone to Mexico and China. I didnt realize how much debt HE acquired while he was employed. I soon found out when I started having to foot the bills. He ran up a CC to 1000.00, then another for 1200.00 and another for 1400.00. Even with 3 jobs its all I can do to make ends meet now. He didnt qualify for unemployment because he quit his job like a fool. I have taken every single card he has including his checks and debit card. As I pay things off the cards will be destroyed. If I can make it tl tax time and get back enough I can hopefully pay off 3 things. Not to mention he had a personal loan I didnt know about, which I just paid off. I try to budget for everything. He has put us in a huge hole not only financially but maritally also. He’s become super annoying and unappreciative. He gripes about the food I buy and the fact I say NO to just about everything he wants to go “out” and do. If its not in the funds, its not gonna happen. Why doesnt he get that? I hope this nightmare ends soon. Today wouldnt be soon enough. Ive cut back on everything I can bill wise. I tried to refinance the house but that fell through because the appraisal came out too low. What next?

By: Money Hacks Carnival #55 – Thank You Edition

Money Hacks Carnival #55 – Thank You Edition — Mon, 21 Jun 2010 05:57:04 +0000

[...] presents 6 steps to reducing your credit card interest rates posted at Christian Personal [...]

By: » Tame the Beast: Legally Eliminate Credit Card Debt | PT Money

» Tame the Beast: Legally Eliminate Credit Card Debt | PT Money — Mon, 22 Feb 2010 19:16:59 +0000

[...] If you don’t mind staying on hold on the phone for a while, call up your credit card company and talk to them about lowering the interest rate on your card. It doesn’t hurt to ask. If they resist, tell them you are likely going to switch to using a different card and just pay this one off. Have a competing card in mind when negotiating. Even threaten to close the account. This will likely get your rate lowered. Lower rates mean less money you will owe on unpaid balances. Here’s more about lowering interest rates. [...]

By: Reduce The Interest Rates On Your Credit Cards « Money Saving Advice And Life Tips

Thu, 21 Jan 2010 20:17:58 +0000

[...] have on your credit and how Credit Card debt can destroy your wealth potential. The article (6 steps to reducing your credit card interest rates) was written by Jay Peroni and was reprinted on [...]

By: Scott Larson

Scott Larson — Fri, 04 Dec 2009 17:12:19 +0000

You’ve got to watch impulsive buying and really start paying cash for things. If you use your credit card make it a habit to pay it off at the end of the month or don’t make your purchase.

By: Mack jackson

Mack jackson — Mon, 06 Jul 2009 09:22:38 +0000

Ya i agree that you should buy what you can afford, according to me we keep the credit cards as an added facility, but sometimes it cost us too much for making payments of the credit card bills.