$18K on one card and the interest is tripling
Hello, this is my first time posting to this forum or any forum at all for that matter, but I need some help. Here is the debt I currently have:
Citi - $18,000 @ 11.24%
HSBC - $2,800.00 @ promotional 0.00% until 02/2011
BofA - $1,300.00 @ 4.25%
Monthly Net Income - $1,800.00
I just got a letter yesterday telling me that Citi is raising it's interest rates to 29.99% on my card. So, now I'm freaking out. I've been wanting to get this card down for quite some time and now it looks like they've given me a reason to. Anyone know of ways to get this debt down without hurting my credit too much? Am I too deep? Any help or advice at all would be greatly appreciated.
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