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Got the interest rate on my cc debt halved :)

2 replies

MaitlandGirl · 19/06/2017 12:07

I had to call the debt management company for my credit card to update my payment details today and the man I spoke to was amazing. So helpful and really kind.

He asked me if there was anyway I could increase my payment by $16 per week (to put that into perspective that's about 3 large takeaway coffees) as if it was possible he could halve the interest rate in paying and cut 8mths off the repayment schedule!

I figured it's worth doing so made the commitment to up my payments - this card will now be paid off by April 2019 rather than having to make the final payment in 2020. He also told me that I can pay any amount as an extra payment so if I've got $10 left at the end of the week to pay that off my card as it makes a huge difference when it's all added up.

Finally I can see light at the end of the tunnel and I can't wait to have an extra $286 a month in my bank rather than in theirs!

OP posts:
Fluffycloudland77 · 21/06/2017 21:18

Well done it sounds a great deal.

AdoraBell · 26/06/2017 23:38

👍 well done.

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