How Realtors and their clients can escape credit card hell

Still, missing just one payment can spell disaster

When people face serious financial problems, getting out of a credit mess may ultimately involve going bankrupt or losing their home. A key part in turning the tide is eliminating as much credit card interest as possible and paying down the principal. If you’re carrying high credit balances or your credit cards are maxed out, you can turn the tide. In Part 1 of this series, I described the merry-go-round that my husband and I have been on in terms of obtaining a loan modification. Obtaining a workout on our credit cards, however, has proven to be a different experience. You have probably heard of people who have gotten great deals to pay off their debt, sometimes at zero percent interest. Nevertheless, when you call your credit card company and ask if you can get a lower rate, the answer is either "No" or "You already have the best available rate." Sorry, but a 15 percent interest rate certainly doesn't seem that way. What's especially frustrating is that you if you do fall ...