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

Fred Jones fredthejonester at gmail.com
Tue Jul 21 14:11:45 CDT 2009

> 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. :)

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