04-25-2012 08:29 AM
I can not ever remember the last time I posted anything but wanted to share this with everyone.
My husband and I bought a fixer upper property a few years ago and went into A LOT of debt trying to fix it up. We have recently started trying diligently to get all the debt paid off. I had heard that credit card companies offered hardship programs so I called Discover this morning. They reduced the interest rate from 28.99 to 12.99 on our current balance for a year! I asked about reporting or TL comments. CSR stated that even though the account is suspended for a year it is an internal suspension only and that it still reports the same to the CRA's. She also stated that after a years time they will review the account and may let us keep the 12.99! This is just the boost I needed to keep motivated paying everything off and getting our credit cleaned up! Thanks for letting me share! Hope this helps someone else too!
04-25-2012 09:45 PM - edited 04-25-2012 09:45 PM
This a great to see, thanks for sharing! I know many people find higher interest rates to be a pain-point for many of their favorite cards, so it's nice to know that good interest rate decreases are still happening.