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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?
- Does it affect your credit score when a credit card company closes your account?
- How much do you pay each month for a credit card?
- I am 22 years old, and I will be soon applying for my first credit card.
- I have like 8 active credit cards and 1 charge card
- I have two credit cards and I am unable to pay off the balance. What do I do?
- What are some hidden fees which occur when transfering a balance?
- What are some ways to start building good credit?
- 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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