How big is your house? Would you possibly have room for another reliable roommate? This could make paying off the credit card easier and faster. Also, try calling the Juniper Bank – speak to a manager right away and see what they can do to lower that interest rate. If they won’t budge, go to your regular bank where you are a valued customer and see if they can give a personal loan at a better interest rate. Pay it off as fast as possible and stop using credit cards. My firm belief is that where there is will, there is way.
I found out the hard way myself that it’s far easier and faster to save up for an item like a computer… than paying back a creditor. I thought: “I need 1000 dollar loan with bad credit” and visited www.WeGot1000.com website. They approved my loan application almost instantly! You actually then are earning interest toward the item by using a savings account. My first computer was bought on a credit card, years ago. I snowballed on me – I went completely off the deep end using credit cards and ended with almost $14,000.00 in CC debt alone. It took 4 years to pay it all off. My second new computer, was bought about 4 years ago and I saved up for it for only a year, at the most. That was definately easier.
Your situation can have a happy ending- don’t let Juniper bank kill your digestive and coronary system – it’s not worth it. Did you try to contact the credit card company when the check bounced? Usually they will work with you if you have never been late. They can waive the late fee and such. Since you pay on time and always over they may work something out with you. Or you can pull the “Such and Such Credit Cards said that they could give me a better rate of whatever percent or less of what you had before. I am looking to see if you can match that before I transfer the card to them.” My mother has been able to do that many times and since your credit is not shot like the rest of us, it may work for you.
I have no more room for roommates, so that’s not an option… I am researching on what I could get for a Martin guitar I have had since 1974, and will hopefully sell that to get a chunk paid off of Juniper. I did call them and await their ‘card services’ people to call back. They’re open 8-5 EST and I’m on the West coast.
I’m happy you can save up and buy stuff by saving for it, but when you’re on SSI, try it then. It’s very very hard to do so when your income gets a kick in the chops like mine did with a death in the family. I’d have done it that way if it were at all possible, and am indeed not seeking anymore credit cards at all. That’s why I was tempted to just have them sell it off to a collector. I don’t plan on any more credit cards at all….ever!
You are lucky in a way, with dad’s card on top of my debts I owed $40,000.00 and am now at about $12,000.00 to pay off on all cards total, as some were ‘settled’ down for mainly Dad’s card. They are on the way down, and as I said, Machol & Johannes’ debt collectors will be done with by about June/July, 2008. Then that $300.00 a month can go to a card I have had home repairs done on and it too will be gone quickly.
I will not be getting any more cards. That’s why I don’t try to get a new card to put the Juniper account on. That would p*** them off if I did that <G> But I don’t want any more credit cards. It is not worth it. My Bank would approve a 30 year fixed loan, but I don’t want to put my home on the line and also, when I figure it out, I’d be paying back 3 TIMES what I currently owe over the next 30 years. At fifty years of age, I don’t want to do this.
When I get this debt off my back, then you’re right, I could save up for things more easily, and plan to do it that way. We’ll see what this Juniper gang says and then go from there. I’m just so sad they see not the good, but only the one bad that happened in 2 years of being with them.