Credit Card Problems - How to Switch?

Currently: Bank of America - we NEED to switch to a different credit card ASAP! What%26#039;s a good credit card for people with smei-poor credit?

Situation - We%26#039;ve always had GREAT credit - until we moved and were accidentally late with two payments. Now our $9000 has an interest rate OVER 30% (I think it%26#039;s at 34%). I%26#039;ve already called, begged, etc - as we%26#039;ve always had great credit, but they won%26#039;t budge. We%26#039;re trying to pay off more than the minimum balance per month, but just found out that I%26#039;m pregnant - and we%26#039;re trying to stay afloat from our recent move - so we can%26#039;t pay off tons at once - we keep paying, but at such a high interest rate, the balance barely budges. I think the best choice is to switch cards, but what are good card companies that are likely to take us with poor credit and a high amount due ($9000)?

Any help would be great - THANKS! ps - we%26#039;ve already tried our bank, but they won%26#039;t do it because of the %26quot;poor credit%26quot;

Credit Card Problems - How to Switch?commericial loan

Two late payments and they hit you up for 34%? If you don%26#039;t have any other blemishes on your credit report, you should be able to get another card. FIA cards (formerly MBNA), CitiBank, Chase are three that might get you one.

Now for the reality:

$9,000 @ 34% = $250/month for 14 1/2 years.

$9,000 @ 10% = $250/month for 3 1/2 years.

$9,000 @ 34% = $391/month for 3 years.

I would also pull a copy of my credit report, to make sure there aren%26#039;t any other surprises on there.

At the worse, you can pay them for 6 months, and then beg again.

Credit Card Problems - How to Switch?

loan

Go to your bank and get a personal loan for your credit card balance.|||Doubt many will take you. Good luck. Try a dept consolitation loan or home equity loan from a local bank.|||People who have a 30% interest rate do NOT need a new credit card. If it is unsecured credit, pay what you can and don%26#039;t worry about it. How many cards do you have? I think you would be a prime candidate to read materials from Dave Ramsey. He is a nationally known advisor to people who are head over heels in debt. What he recommends is that you pay as much as you can on the credit card with the highest interest rate, and the minimum payment on all the others. Then, once that one is paid off, transfer that payment to the one with the next highest interest rate, etc etc. He calls this the %26quot;avalanche method%26quot;, and it works!

Isn%26#039;t it great to know that YOUR bank now thinks you%26#039;re vermin just because they have helped you max out your indebtedness. Dave says the ideal credit score is %26quot;0%26quot;. I agree with him. Feel free to email me if you want more information on how to contact him. I am a Pastor, and I am planning one of his seminars for my church this May. But, the materials are available online as well.

Good luck with your pregnancy, but DON%26#039;T WORRY...it can affect the baby, and believe me, the creditors don%26#039;t care about him/her. That%26#039;s your job.|||You probably won%26#039;t find a decent credit card right now. But depending on if you have some %26quot;security%26quot; you may be able to get a personal loan. This would be things such as equity in your house, the title to your car, or something like a CD or Savings Account at the bank.

On this credit card, because you were late you hit what is known as the penalty or default rate. What you need to do is find out how long this rate is in effect. Several banks will lower your rate back down if you maintain a period of time of good payments(such as 6 months). If this is the case you may have to just pay at least the minimum up to what you can and then at that time request that they lower it back down.|||Question: did you not know about the default rate penatly in advanced? I%26#039;ve warned my sisters about it, because I was informed over the phone when I negotiated a lower interest rate on one of my cards (also B of A)...and I didn%26#039;t even have to ask. If they did not inform their customers in writing or verbally about this you MAY be able to pursue legal action saying that it wasn%26#039;t in the contract. I don%26#039;t know, might be worth a look at least. Now, if it was in the fine print and you didn%26#039;t read it or understand it, then legally it would be your fault for not clarifying the terms and conditions. But if they never informed you at all...more doors are opened.