Join Date: Sep 2005
Location: West of Chicago, by the corn
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I have a question, and wondering if anybody has any insight on this.
It recently came to light that we are in debt. How can you not know that you’re in debt, you’re probably wondering? Well, for almost six years I have been dealing with depression on and off (more on than off, and not very well in either mode), and part of that was me not opening the mail. The bills were getting paid, an automatic payment from the bank, so they were mostly on time, and usually over the minimum payment.
I know, it’s bad.
Another part of this is that I hid it from my husband. He trusted me to be doing the right thing for our family, and for whatever reason, I was avoiding it. I am back in counseling and considering going back on medication. I had been treated for this (depression – apathy, the doctor actually called it) in December 2007, and stopped in February 2009. It is now obvious that it wasn’t working.
I’m not even going to discuss the hit our marriage has taken because of this.
Anyway, my question is whether or not there is any way to negotiate with credit card companies to lower the amount of interest due to them, especially on my husband’s card (Chase) since he was not aware of what I was (not) doing. He is not asking them to forgive any of the principal due, since he acknowledges that is what we charged (although there is one non authorized charge that he is filing a claim on), but he would like the amount of interest lowered. He has already requested a lower interest rate, and he was denied that, saying that with the new law that they’re not lowering rates for anybody.
Do you think that this is even a possibility? And if so, do you have any suggestions?
I know what I did was wrong, and I/we are dealing with all of this the best that we can, but the reality is, I put us in serious credit card debt by not paying attention to the mail, amongst other things. A hefty piece of the amounts due is interest since the rates on the cards went up.
Any information you’ve got is appreciated.
Mom to Rooney (05/02) & The Bean (06/04)