We have one credit card with a balance and with the new Financial Peace University class we are taking at church our goal is to get out of debt and start saving and paying cash for things. I noticed Sunday that our credit card had increased to 17.99%. We don't pay late and I always pay more than the minimum. So we called about lowering the rate and after talking to 3 different people I was assured that was the best rate possible. Our card is with GMAC and I wonder if they are hurting so bad that they will risk losing someone to a lower rate.
Well, I took one of our offers from New York Life. Since I am a client of theirs I can get 0% til May 2010 with NO FEE for balance transfers. Then it is fixed at 8.99%. With our snowball paying off of debt we play to pay that card off by November of this year and then would only have our house and 1 car we owe on.
My brother may sell me his 1980 CJ-7 for $3000 so I'll have a vehicle to drive when my truck lease is up as well.