What can you do if you e trying to pay off credit cards but the minimum payments are so high that you can get ahead the credit card company will not lower the rate despite on-time payments?
If your credit is good enough you can apply for a signature loan or “consolidation” loan at your bank to pay off the credit card and just make the loan payment. That is what I did with all my credit cards. If your crfedit is not in that good of shape then you can try a debtr consolidation company like Consumer Credit Counseling or you can try a Debt Negotiating company. The difference between the two are that with a consolidation company, you send them so much money and they split it between the creditors. With debt negotiation…you put money in a savings account and when you accumulate so much money the company will negotiate with your creditors to get them to except less than what you really owe.
