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A Tale of Two Credit Cards

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I have a credit card that I have had for over three years, and paid it on time every time except once , but

all the other times it was paid early. But the one time about a year ago I mailed my payment off, now this

was during Christmas time but I mailed it eight days early. But they sat that it was two days late and now

my interest rate went from 12% to 29.99% because they said I defaulted by two days . They will not

lower my interest rate. And now that the interest rate is so high I am only able to pay amount owed and

about 30.00 extra with that. And I guess thats not enough because a couple of times they said I went

over my credit limit,because of all the interest and fees . I only owe them $4554.00

 

 

How can I get them to please lower my interest rate. I am a single mother of thee and I really need to

get rid of this bill. I need help . Please help me !

 

Thank s so much for you help.

 

Tammy

bullo6@aol.com

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I have a credit card that I have had for over three years, and paid it on time every time except once , but

all the other times it was paid early. But the one time about a year ago I mailed my payment off, now this

was during Christmas time but I mailed it eight days early. But they sat that it was two days late and now

my interest rate went from 12% to 29.99% because they said I defaulted by two days . They will not

lower my interest rate. And now that the interest rate is so high I am only able to pay amount owed and

about 30.00 extra with that. And I guess thats not enough because a couple of times they said I went

over my credit limit,because of all the interest and fees . I only owe them $4554.00

 

 

How can I get them to please lower my interest rate. I am a single mother of thee and I really need to

get rid of this bill. I need help . Please help me !

 

Thank s so much for you help.

 

Tammy

bullo6@aol.com

 

Lanell,

 

Apply for this credit card at UFCU. They go by your credit score and your report shouldn't reflect any lates from that Chase account as long as you weren't 30 days.

 

UFCU's Great Rate VISA®

(effective 8/30/2004)Excellent Good Average Fair /

No Score Marginal Poor

6.90% 9.90% 11.90% 15.90% 17.90% 17.90%

 

WWW.UFCU.ORG

 

Actually, call them over the phone and apply. Tell them you are interested in balance transferring so they know you want a high limit as well.

 

-Rick

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Maybe if you call and threaten to cancel the account they will lower your interest rate.

 

Melissa

 

 

 

I have a credit card that I have had for over three years, and paid it on time every time except once , but

all the other times it was paid early. But the one time about a year ago I mailed my payment off, now this

was during Christmas time but I mailed it eight days early. But they sat that it was two days late and now

my interest rate went from 12% to 29.99% because they said I defaulted by two days . They will not

lower my interest rate. And now that the interest rate is so high I am only able to pay amount owed and

about 30.00 extra with that. And I guess thats not enough because a couple of times they said I went

over my credit limit,because of all the interest and fees . I only owe them $4554.00

 

 

How can I get them to please lower my interest rate. I am a single mother of thee and I really need to

get rid of this bill. I need help . Please help me !

 

Thank s so much for you help.

 

Tammy

bullo6@aol.com

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Maybe if you call and threaten to cancel the account they will lower your interest rate.

 

Melissa

>>>>>

 

Doubtful. I went through a similar situation with HSBC and they took the position that I was free to cancel my account as soon as my balance was $0, but until then I would be paying the 30% interest they were charging.

 

And what made it worse was that my interest rate went from 20%-30% overnight and when I called to find out why HSBC informed me that I had been late on a payment. I pointed out that it had been more than two years since I was late on any payment with them or any other creditor and I was told "Yes, but you were late so you're a credit risk."

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Here's my need for help.

 

I talked with the CC and they agree to reduce my debt and settle for an amount. I agree to pay and gave them my bank info and the debt was supposedly settled. I suddenly found out that they applied the amount to one of the two accounts I had with Bank of America. They did not apply to the one I wanted, they applied it to the lowest interest account and not the high interest account I was discussing with them. I told them my problem and they told me I could settle for x amount on the higher limit account. I said I would like to speak to the manager to see if I could work out a payment plan. They said he would call me back, he never did. Every time I called the customer service they said it couldn't be done, and one fired a email off telling the one that gave me a settlement on the first card that they couldn't do that as the account was going to be sent to collections. I called so many different people and never could get back to my settlement negotiations. Now I just received a letter from a collection agency. I want to settle my account but how now? This settlement talk was all over the phone with the bank of America and how can I prove they offered me a settlement on one card but not the other. I was told that they would settle on both, but I am now being in a collection fight.

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