For instance, I had one customer who owed $9144 on their card. They noticed the rate had increased to 22%. They also noticed about all of their payment was going to the interest and not much to lower the balance. When they paid their $183/mo payment - $165 went to interest and ONLY $18 went on the balance. We computed options and were able to pay off the card, lower the rate to 7.99%, kept the payment similar at the $195 every month, and lowered the monthly interest cost to $60.04. It is always a good time to Take a moment and look at your finances. Perhaps we could work up some options to save you $85 every month too!
