I have 2 credit cards , one with a 5,000 limit and one with a 15,000 limit. I always paid on time and had no problem . I came into hard times and maxed out both cards and then missed a couple of payments. Both credit cards have raised their interest rate to 27 percent. But now I am making money again. The credit card companies contacted me and said if I close the accounts they will lower the rate and give me 5 years to pay it off. I do not want to do it. I just want to catch up with what I owe. And keep the cards. what do I do. Close the accounts or catch up with my payment and hope in 6 months they will lower back down my interest rate.