[thechat] Hey Buddy, Can you Spare a Dime?

[Martin Burns]

On 21 Jul 2009, at 20:11, Fred Jones wrote:

>> I would suggest shopping around (in person) at a couple of your  
>> local banks.  Ask about their debt consolidation services.  If that  
>> was an unsolicited offer (like in the mail) - put it on the table  
>> and ask them to beat it.  Drive the best deal you can get. All that  
>> stuff is negotiable.  Get several competing offers before signing  
>> up for anything.
>
> Wouldja believe I called Bank of America and told them it's hard for
> me to make the min. payment on my two cards there (total of over $30K
> debt) and they sent me to Financial Pressure department and they gave
> me a deal--we closed both accounts, fixed them at less than 7% APR
> with fixed monthly payments for 60 months 'til they're paid off.
>
> Pretty cool. Better deal than the bank too. :)

Yeah, but caveat what 'coming to an arrangement with creditors' may do  
to your credit rating...

Cheers
Martin

--
 > Spammers: Send me email -> yumyum at easyweb.co.uk to train my filter
 > http://dspam.nuclearelephant.com/