PrincessGrownUp
Earning My Ears
- Joined
- Jan 3, 2013
- Messages
- 65
My debt (besides my mortgage) is 2 credit cards. I have approx. 10k on one card with 5.9% interest and $7.5k on the Disney Visa. I can't remember the interest but it's not great. Maybe 16%. I recently got a job after being laid off for a while. I am able to pay the minimum every month on them, and sometimes a little extra. At this rate, it will take me forever to pay them off!
Will it benefit me to use an agency because 5.9% is a low rate to begin with? Will they be able to get it lower? I can't stomach the cost of the interest rates every month!
I read that some agencies will not cancel but suspend the cards. I really don't want to close my Disney card account because I like the perks. We don't plan on going until the debt is paid off, but I wouldn't want to miss out on an offer for Disney Visa holders only. And.. I don't want to close my other card because of the awesome interest rate. Which is only 'awesome' if I have a balance. This is probably why I can't get out of this mess.
I'm looking for any kind of suggestions to get me out of credit card debt.
Will it benefit me to use an agency because 5.9% is a low rate to begin with? Will they be able to get it lower? I can't stomach the cost of the interest rates every month!
I read that some agencies will not cancel but suspend the cards. I really don't want to close my Disney card account because I like the perks. We don't plan on going until the debt is paid off, but I wouldn't want to miss out on an offer for Disney Visa holders only. And.. I don't want to close my other card because of the awesome interest rate. Which is only 'awesome' if I have a balance. This is probably why I can't get out of this mess.
I'm looking for any kind of suggestions to get me out of credit card debt.