Answer: First, you need to begin increasing your monthly payments so that you slowly lower your debt. Second, it would be beneficial to speak with your credit card company and see if there are any options that would enable you to lower your interest rate. Lastly, stop making any charges on your card until your credit score improves.
More questions:
- Can my husband and I give one of our credit cards to our daughter to use for a limited amount of time?
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- What are things you should consider when deciding which credit card to apply for?
- What is the best offer you’ve seen for a rewards credit card for business?
- When applying for a credit card, is it advisable to close credit card accounts
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