Bobby D asked:
Question
Can I get government money to help reduce my credit card debt without affecting my credit score or reduce the interest rate that credit card companies charge?
Question
Can I get government money to help reduce my credit card debt without affecting my credit score or reduce the interest rate that credit card companies charge?
Nope. You have to negotiate with the credit companies on your own to try to get them to reduce the interest rates.
No.
There are no government programs to pay people’s debts.
You can call the credit card company and ask them to lower the interest rate if you have other options (ie. another card with a zero balance that is offering you a low rate to transfer.)
That would be too easy my friend! The government will not give you free money for over-spending on your credit cards.
You can contact your financial institution and ask about getting your interest rates lowered, or you could also take out a loan to pay off your credit card debt. A loan will have a much lower interest rate than your credit cards, so you will end up saving yourself some money in the end.
Good luck
Nope, you are on your own except for true pro’s in the private sector that know how to handle these blood ******* Credit Card companies.
Debt management programs helps people get out of debt faster. What it does it modifies the terms of any of your existing debt and lowers your principal balance as well as your monthly payments. I know a great company that can do this. They settle debt at 55 cents on the dollar. Send me an email for more info on the company to