That is what it will cost you if you are late making credit card payments. Take it from me. Someone who is living that right at this very moment! How in the world! To pay $180.00 in finance charges on a 7000.00 credit card balance with a min. payment due of 250.00…and rising gas prices, how does one even pay that? Please explain it to me. Sure, you can cut back on things, but seriously, is it going to even make a difference in what you owe? I was seriously looking around my home trying to figure out what I can sell! Anyone want a broken dining room set? How about a couch with tears in the fabric from when I thought it was safe to put a running vacuum on the cushion to clean it, come to find out, it ruined my material? Oh, I got it, how about selling the coffee table and end tables that my mother in law gave us 15 years ago that we still use in our living room that has wet cup ring marks, and artwork from when the kids thought it was fun to write on them with markers? Or, I know, the 19″ television that still works but is about 18 years old and with the new digital stuff going on, you need to have a box or whatever to make it work? Or the swingset in the backyard that the kids only play on because there is nothing else to do? Yes, selling old stuff…will cover about half of what I am being charged in interest. What about next month? What do I sell then? Old gold chains that we don’t wear anymore?
Ok, so how do you get rid of that high finance rate? I am looking for people who have a high rate card now, or have had one and was able to get it lowered. I am looking for people who were able to get themselves out of the debt hell hole and are living care free right now. I am looking for those who have suggestions and are willing to share their experiences, either past or present. I really want to know how to best handle our troubled finances without having to fall victim to bankruptcy.
Hell, to make it fun, I can offer to send you a paper clip if you provide me with a self address stamped envelope! Perhaps you can use it to clip all your crappy high financed credit card bills together so you too can sit there with a puzzled look on your face every week!