I have a Chase credit card that is closed but am still making payments on. I called to see if they would lower my % but they declined because the account is closed--at my request. I then called and asked if they would reinstate my card, thinking that after a few months more of ontime payments I would request lower % again. This time they said I would have to apply for a new credit card, which I don't want to do. So I wrote a GW letter and asked them to lower my %. My payments are $70 a month, but my interest is 29.99% so over $69 a month is interest!!!!! That should be illegal. Isn't that usery or something? Anyone have any other suggestions?
I would let the GW letter play out. Then if you don't get your desired outcome...I would move to PFB. And write a heart felt letter to the CEO explaining how much financial hardship this is putting you under. Its worth a try!
But you had this same question on another thread the other day... did you check those reponses for suggestions?
EQ 787 EX 781 TU 737 11/17/07
*** I am not an attorney. If I was, I might not clip coupons. If you want legal advice, consult an attorney. If you want my personal opinion, feel free to consider my posts***