I have a credit card that has been canceled for about 3 yrs now and the balance is 3000.00 I can only pay afford to pay a little over the min which is normally 85.00 so I pay 100.00 but it seems like the balance doesnt budge. ITs a 24.50% rate so I know only about 55.00 is going to the actual payment. I want to pay them what I owe then I just cant handle the percentage rate anymore its really hurting me, and it would be nice to have it paid off in the next years Im more then sure Ive paid for eveything Ive spent on that card now its just pure interest. What can I do to get ride of the percentage rate? Or what can help?
Please and Thank you for you time. AQ