Question: That’s all in your fine print too. Didn’t you read it?
Answer: Doing it on your own? LOL, LOL , LOL. This is why people are in trouble in the first place smart guy. If doing it on your own REALLY worked then there wouldn’t be millions of dollars in credit card debt in this country. It is a fact americans are ignorant when it comes to controlling their spending.
Oh yeah, go ahead and try to negotiate with your credit card companies. Tell them that you want NO interests, 0%, NO late fees or penalties ever while you are paying off the debt. Then tell them to eliminate part of the debt by up to 40% and also that you want to be out of debt in less than 2-3 years while your credit score goes up. Try it and see. I guarantee that they will laugh at you and say, “THAT”S A BIG FAT NO, SORRY.” They want you to pay all that interest so they can keep you in debt for life. 25% of your credit score is based on monthly payments while 45% of it is debt to income ratio. The 45% is where you really make a difference in improving your credit score NOT monthly payments.
If you want to pay over $35,000 in the next ten years for a small $10,000 debt than by all means go right ahead. It’s people like you that credit card companies love to do business with. An ignorant consumer. I rather save my money and get out of debt fast with my credit rating improving than to stay in debt forever.
Here is some information about your options in getting out of debt. Read it before you make any assumptions like the one you just made. Do it yourself, lol, lol, lol. You’re funny.
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