Discover Credit Card

[Tryingtogetanswers]

I have a credit card that initially started at $5000 limit. I maxed it out after a devastating storm to do repairs on my home. The balance is now over $13,000 because I am just paying the minimum monthly payments (that's all I can do). The interest balance just keeps building and building. I need relief. I need the best advice to try to get a hold of the debt and get it paid down. I know the best thing to do is to make more than the minimum monthly payment but I really need the interest to stop. Please help!!

[wHiTeSoL]

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@Tryingtogetanswers wrote:

I have a credit card that initially started at $5000 limit. I maxed it out after a devastating storm to do repairs on my home. The balance is now over $13,000 because I am just paying the minimum monthly payments (that's all I can do). The interest balance just keeps building and building. I need relief. I need the best advice to try to get a hold of the debt and get it paid down. I know the best thing to do is to make more than the minimum monthly payment but I really need the interest to stop. Please help!!

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Have you tried to call discover to see if they will lower your APR? What does the rest of your credit profile look like? This will help determine a good course of action. 

[Tryingtogetanswers]

I have contacted them to see if I could settle with them but because I am making on time regular payments this was not an option. The rate is adjustable and fluctuates often.

[sccredit]

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@wHiTeSoL wrote:

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What does the rest of your credit profile look like? This will help determine a good course of action. 

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This is key to determining what advice we give.  Also, did you file an insurance claim that could help you pay it down or off?