I have a credit card balance I need transferred to a lower rate card.?
Wednesday, March 3rd, 2010 at
6:38 am
HI
My sister ran up my moms credit label to 10k. The label has the 18% as well as she is usually profitable the interest. The principal will never go down. Well my mother is 77 as well as she doen’st get offers in the mail to request for reduce rate cards. Is there any way to get this incident to the managable remuneration choice for my sister?
My mother cannot means to compensate anything upon this. Needless to contend my sister is cut off from everything.
Only intelligent people reply.
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Tagged with: balance • card • credit • Lower • need • rate • transferred
Filed under: Low Rate Credit Card
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Just because your mom doesn’t get offers doesn’t mean she’s not able to get them. Perhaps she put a opted out of offers years ago. Since she’s old, she probably has an extensive credit history.
Go online, look at some cards, and have her apply for a card that you works out for her. I doubt the new card would give her a credit limit of 10k though, especially when she’s probably not working anymore. Even if you managed to find a card that offers a high credit limit, they will charge a 3% fee for the balance transfer.
10k is alot. Your sister could have bought a car for that much. That balance is not going to go anywhere anytime soon. Your sister needs to find a job (or get a 2nd one).
One option you might try is to contact the credit card company. They might be willing to lower the interest rate for her given the situation. Creditors would rather get some of their money than none of it.
If your moms credit history doesn’t bad. I think you can find the best credit card even credit companies don’t offers. If your mom can pay for these debt, so I think 18% interest rate is to high you can visit creditcards.com for find the lowest rate. And just do balanced-transfer to the new one. You may the new for balance-transfer method try this link for know more http://eliminate-debt-credit-card.blogspot.com/2008/09/low-apr-for-eliminate-debt.html