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About LinkBacksmy current situation- I have a 7500 limit on my capital one card and balance is 6000 and they just jacked up my rate to 24% !(the last 12 months ive given capital one 2700 in payments and about 1200 went to finance charges!) I called them about lowering my rate but they said theres nothing they could do. There is no way im going to continue this bull****, im paying 190 a month and my balance is bearly going down. im only 25 and my credit score is only 656 also. What are my options?? Can i even be approved for a 0% balance transfer on another card or should i try a credit union? Any help would be much appreciated. Thanks.
Thread: HELP- Balance transfer??
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Green Member
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- Aug 2009
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HELP- Balance transfer??
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Centurion Member
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With a 656 score that's gonna be a hard one bud. My wife has a score around that and she can't get anything. Credit unions arent a bad idea but theyve even gotten tighter than the banks nowadays. I don't think there's anything out there right now for that score maybe look into a personal loan or if you have anything you can cash out to pay it off.
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Centurion Member & Moderator
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Yeah with that credit score it's going to be difficult getting any card right now. Right now anything below a 700ish can't even get any credit card.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed. Regardless, anything I say is my honest opinion.
Current Cards: American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Citi Thank You Premier
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Green Member
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- Florida
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Capital One Jacking Up Interest Rate
Originally Posted by Mogul of Pineapples
Ah . . CapOne. (Which is also spelled Capone! LOL. Is there anyone here old enough to know who that is?) And we all thought Citibank was a real stinker when it came to predatory banking practices!
O.K. here's what some credit card companies are doing in order to "renegotiate" the cardholder agreement. One of my clients just had a credit card rep tell her that if she defaulted (1 month), they would cut her monthly payments in half and freeze interest and finance charges - 0%.
Her problem when it came to negotiating the account? She always made her monthly payments on time! She'll get a tick on her credit report, but as long as she makes her monthly payments on time, in 6 months she'll be good to go. Having been in this biz a long time, there's more than one way to skin . . er . . find a way around a problem.
P.S. If you want a good read about credit card companies check out :
National Consumer Law Center (National Consumer Law Center). Follow the links for consumer debt and see what they had to say to Congress about credit card companies.
Mrs. GoodCash"Wealth is the ability to really experience life." Thoreau
Sara Jane
mrsgoodcash@gmail.com
www.creditcard***posed.com
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