Saturday, November 28, 2009


I have been thinking about calling BOA and just telling them that I can only pay so much of my balance, but I don't want to leave a bad mark on my credit score. I am not sure what to do though because I am paying so much and yet it's only the minimum amount since there is so much debt to pay. I really have no idea what to do.

I may be able to ask them to lower my interest rate and thus hopefully my balance will go down so that I can at least pay off my other credit card so that I can start to pay the BOA cards down. I don't know what they can do, but I feel like this is definitely getting out of hand and I don't know what the best thing to do is.


Money Dieter


  1. I have been where you are with debt. What helped me was creating a step by step plan on how paying off debt and savings was going to be tackled.

    A friend of mine told me about Dave Ramsey's book Total Money Makeover. He has 7 steps that led me in the right direction. In the past 30 months I have paid off $54K of my $105K debt.

    Check out Dave's Steps at

    Good Luck

  2. So, did you do this? You have good credit, so you may get somewhere. We have stinky credit and thus get a lot of "H--- No" answers when asking about this type of thing, but Mr. 444 was able to talk a card into taking him down from the nosebleed rates, as I'm sure you read about. But if you don't get anywhere, don't take it personally. All banks, big ones that deal with "prime" customers included, are being real something-or-others lately. They want to hang onto every last penny and squeeze a few more pennies out of their customers, everywhere they can. I'm surprised they are not sneaking into customers' houses and shaking out their pants pockets in the middle of the night, in search of loose change.

  3. oops, I am sorry. when I said, "as I'm sure you read about," I was thinking you were someone else. Your blog looks very similar and I was confused momentarily. Oh well, same comment holds true - good luck with trying to get your rates negotiated.