My Debt Stuff » Credit Card Companies http://www.my-debt-stuff.com Debt Help For The Rest Of Us Sat, 06 Mar 2010 17:11:34 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Is there anything in it for credit card companies to reduce my interest rate? http://www.my-debt-stuff.com/2009/11/26/is-there-anything-in-it-for-credit-card-companies-to-reduce-my-interest-rate/ http://www.my-debt-stuff.com/2009/11/26/is-there-anything-in-it-for-credit-card-companies-to-reduce-my-interest-rate/#comments Thu, 26 Nov 2009 18:34:52 +0000 admin http://www.my-debt-stuff.com/2009/11/26/is-there-anything-in-it-for-credit-card-companies-to-reduce-my-interest-rate/
kamui r asked:


I’m in the process of paying down my debt and it would be nice to do it at a more reasonable interest rate. Basically all of my cards are in the 20% range and i’ve been told you can negotiate a better rate. My score is in the mid-600’s and all accounts are in good standing. Does anybody have any history of successful negotiation in a similar situation, and if so what’s in it for the company to do so?

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]]> http://www.my-debt-stuff.com/2009/11/26/is-there-anything-in-it-for-credit-card-companies-to-reduce-my-interest-rate/feed/ 2 Do debt consolidation companies really help that much? http://www.my-debt-stuff.com/2009/11/17/do-debt-consolidation-companies-really-help-that-much/ http://www.my-debt-stuff.com/2009/11/17/do-debt-consolidation-companies-really-help-that-much/#comments Wed, 18 Nov 2009 00:32:34 +0000 admin http://www.my-debt-stuff.com/2009/11/17/do-debt-consolidation-companies-really-help-that-much/
patti_jim_reynolds asked:


My husband and I are WAY in debt and I have been trying to talk him into doing debt consolidation cause at the rate we are going, we won’t be able to buy a house until our kids are all out of the house!! The thing is, he doesn’t believe they actually help all that much and that we would be better off paying it off ourselves. Is it true that they can work with credit card companies to reduce or even remove APR from the debt amount and can give you an estimate of when you can be debt free? We have four credit cards that equal about $25,000 and we’ve got to the point where we are making payments just so we can get food and gas. Any debt consolidation advice is greatly appreciated!

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]]> http://www.my-debt-stuff.com/2009/11/17/do-debt-consolidation-companies-really-help-that-much/feed/ 0 Is there anything in it for credit card companies to reduce my interest rate? http://www.my-debt-stuff.com/2009/10/29/is-there-anything-in-it-for-credit-card-companies-to-reduce-my-interest-rate-2/ http://www.my-debt-stuff.com/2009/10/29/is-there-anything-in-it-for-credit-card-companies-to-reduce-my-interest-rate-2/#comments Thu, 29 Oct 2009 18:39:36 +0000 admin http://www.my-debt-stuff.com/2009/10/29/is-there-anything-in-it-for-credit-card-companies-to-reduce-my-interest-rate-2/
kamui r asked:


I’m in the process of paying down my debt and it would be nice to do it at a more reasonable interest rate. Basically all of my cards are in the 20% range and i’ve been told you can negotiate a better rate. My score is in the mid-600’s and all accounts are in good standing. Does anybody have any history of successful negotiation in a similar situation, and if so what’s in it for the company to do so?

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]]> http://www.my-debt-stuff.com/2009/10/29/is-there-anything-in-it-for-credit-card-companies-to-reduce-my-interest-rate-2/feed/ 4 How do you settle debt with credit card companies? http://www.my-debt-stuff.com/2009/07/12/how-do-you-settle-debt-with-credit-card-companies-2/ http://www.my-debt-stuff.com/2009/07/12/how-do-you-settle-debt-with-credit-card-companies-2/#comments Sun, 12 Jul 2009 20:43:57 +0000 admin http://www.my-debt-stuff.com/2009/07/12/how-do-you-settle-debt-with-credit-card-companies-2/
tim asked:


I’ve got some debt that’s currently in collections. And I got to talking to one of the debt collectors and he revealed that the average company is willing to settle for about 75% of the debt owed.
But since they’re basically screwing you with outragous interest that never allows you to really pay off the principal debt, are they willing to settle for even less.
What are some useful tricks when dealing with these parasites?

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]]> http://www.my-debt-stuff.com/2009/07/12/how-do-you-settle-debt-with-credit-card-companies-2/feed/ 3 How do you settle debt with credit card companies? http://www.my-debt-stuff.com/2009/04/01/how-do-you-settle-debt-with-credit-card-companies/ http://www.my-debt-stuff.com/2009/04/01/how-do-you-settle-debt-with-credit-card-companies/#comments Wed, 01 Apr 2009 13:49:26 +0000 admin http://my-debt-stuff.com/wordpress/?p=8
tim asked:


I’ve got some debt that’s currently in collections. And I got to talking to one of the debt collectors and he revealed that the average company is willing to settle for about 75% of the debt owed.
But since they’re basically screwing you with outragous interest that never allows you to really pay off the principal debt, are they willing to settle for even less.
What are some useful tricks when dealing with these parasites?

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]]> http://www.my-debt-stuff.com/2009/04/01/how-do-you-settle-debt-with-credit-card-companies/feed/ 3