Thanks for the help

iVillage Member
Registered: 06-18-2004
Thanks for the help
1
Wed, 11-17-2004 - 11:09am

I just wanted to thank all of you for the help/advice you have given me over the last few months.

Yesterday I asked about switching cc's within the same company to get a lower rate. Well, after talking with DH and reading the advice you gave, we decided to go to the new lower rate card. The card has gone from 12.5% to 6.5%. After talking with a different person in the company, I decided that it was absolutely the right decision, even if my FICO score takes a slight hit. She told me that the new card would always be only 1.75% over prime and there was no floor to how low the interest rate would go. The old card was tied to the T-Bill rate and would never go below 12.5%. The new one may (will probably) go up, but only slighty at a time. So I feel great about our decision.

It will only allow us to pay off our debts one month sooner, but we will save a lot of money in the long run.

Thanks again for the excellent advice.

Kellie

Avatar for cl_beckymk
iVillage Member
Registered: 03-19-2003
In reply to: t09w
Wed, 11-17-2004 - 11:57pm

Woo Hoo!!!