I'm in shock!

iVillage Member
Registered: 10-12-2005
I'm in shock!
4
Mon, 11-21-2005 - 1:42pm

I transferred a balance over to 0% a few months ago. Since then, the cc company keeps uping my credit limit trying to lure me back. I called them, saying that I would love to transfer some of my balances, BUT...the interest rate is too high - 20.9%. So the guy says, how about 2.9% for the year? Heck yes! My credit rating isn't that great right now, so I know i'm not going to get a better deal than this right now.

I consolidated four bills onto this one card, which had interest rates as high as 22%! I figure at least I have a full year to bring it down, and once it gets to that point, my credit rating should be better and maybe I can renegotiate! I'm just in shock that it worked out in my favor...

iVillage Member
Registered: 10-10-2005
Mon, 11-21-2005 - 1:49pm

Congrats that is so great. I need to look around and see if I can find a 0% interest card to transfer some of my debt too. I'm kind of reluctant to apply for one right now though because my balances are so high and I'm nearly maxed out on two of the cards. But once I get them paid down a bit, I'll probably try. The interest expense I pay each month is outragous.

Avatar for cl_phocid
iVillage Member
Registered: 03-26-2003
Mon, 11-21-2005 - 1:50pm
Congrats!

All my best,
Danni

iVillage Member
Registered: 10-09-1999
Mon, 11-21-2005 - 2:15pm
Wow, that is wonderful. Way to play the game...if you didn't ask it wouldn't have happened so that is great! You are on your way...
Have a good day
Cindylee
iVillage Member
Registered: 10-12-2005
Mon, 11-21-2005 - 3:22pm

Thanks everybody! I usually get so nervous when I call cc companies. I'm really excited and I hope that I can pay off quite a bit! I'm really ready for all this debt to be gone, and I think this is a great way to start the new year!

Happy Thanksgiving everyone!