UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: ts2 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311078  
Subject: They lowered my rate! Date: 9/23/1998 4:36 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
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...
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.