averagejoe Posted April 3, 2009 Report Share Posted April 3, 2009 My friend has a cc that has more than doubled their interest yet. He has never been late or missed a payment. The cc said they sent a letter offering for him to opt out. Don't know if ever got it. I know if you use the money it is by their terms, but is there anything than can be done here, except transfer amount or just not pay. any suggestions. Link to comment Share on other sites More sharing options...
Robert Nashville/Savannah Posted April 3, 2009 Report Share Posted April 3, 2009 I wouldn't suggest "not paying" unless your friend want's to screw up his/her credit plus if enough money is involved there is the potential for a lawsuit down the road and probably lots of unfriendly collection calls in between.Best advice is to pay off the debt just as fast as possible...if no money is owed; interest rate is immaterial. Link to comment Share on other sites More sharing options...
agin Posted April 3, 2009 Report Share Posted April 3, 2009 Have they tried to transfer the balance to a new card. A lot of cards guarantee a fixed rate in the beginning. I have had some friends do well with this, when they are not to far under. Link to comment Share on other sites More sharing options...
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