Your Own Debt Repayment Plan
If you are going to follow your own plan for repayment, call your credit card companies and ask to have your interest rates lowered. Every little bit helps and this step can be a big time and money saver. A reduction of just a few interest percentage points will help. Many times if you let a lender know that if your interest rates are not reduced that you may have to file bankruptcy, they may be motivated to help you as much as possible. Don’t be afraid to ask to speak to a supervisor to get what you want. This step can save you hundreds of dollars.