Skip to main content
No. of Recommendations: 1
Question: How do I deal with Barclays on this issue? I have 3 cards; two of them opened in 2011 and one in 1994. I went thru a significant life transition four years ago and leaned heavily on credit. (Personal life and work are stable again.) Interests rates are 23%, 20%, and 17% respectively. Let’s just say balances are roughly $25K in total. I’m now on the “debt treadmill” with these cards. I can pay minimums (plus some) but still no significant dent in principal balances. I have a stellar payment history and my credit score is very good (720+). I called Barclays today armed with this information and a good attitude. I politely asked if I could speak with someone that could authorize a reduction in the APR’s on the three credit cards. I was told, rather flatly, that Barclays Cards has put a hold on negotiating any reductions at all to current APRs. I politely asked for a supervisor. The supervisor told me the same thing. I find this appalling but it is what it is. What should I do with Barclays? And, should I consider a personal debt consolidation loan and where does one go to apply? I’m motivated to get this debt paid within 12-18 months but want to clear my debt from Barclays immediately if possible. Thanks for comments and recommendations.
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
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.
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.