Re: credit card negotiation

Posted by Linda (65.120.51.132) on April 06, 2002 at 20:07:47:

In Reply to: credit card negotiation posted by elizabeth c. on April 06, 2002 at 17:55:42:

No!! Don't do it. Your credit will be trashed anyway. Just bite the bullet and pay it down.

If you have equity in your house, cash value in a life insurance policy, or you are young and have money in a 401k account, you MIGHT come out better re interest borrowing from those. Requires professional advice so you don't create a tax problem for yourself.

Have you tried negotiating your rates some more?? Sometimes offering a BT gets you a dynamite rate.

Linda

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