No. of Recommendations: 0
Thank you guys. I've had some scary credit problems from my college days. While everything is paid off, I am still considered a risk. I currently have a Providian secured Visa (aaack!!!) in the attempt to rebuild my credit. But with an interest rate I am too ashamed to report, zero grace period, late penalties of $29.00, having the card probably hasn't helped my credit all that much. You will note that the foregoing issues were not nearly this outrageous when I signed up for the card at the onset. I've taken to fedexing payments for proof of delivery! While I've never been delinquent, they've slammed me for payments arriving one day late and the like. I was able to secure a car loan at 5.9%, a great victory, and I am eligible for store cards and so on. I've had this Visa card for almost three years. Today, I called to cancel it--forget the whole thing and pay down the balance. They agreed to lower my percentage rate four points. I am really pleased while still not pleased with their garbage in general. I will keep the account open to pay off the $1650 and then cancel. I've only been with my current employer for five months and am worried this will affect my efforts to secure a replacement card. What do you think. While I have received many offers in the mail and I make good money, I have been too intimidated to apply for an unsecured card. My thanks to everyone here who encourages the call I made. The lower interest rate will make the payoff sweeter.

Any ideas about how to proceed? Thanks in advance for your help.
Foolishly avoiding the Man's efforts to keep me down...
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