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Dealin's with the devils

August 30th, 2009 at 06:33 am

Of course, I am speaking of Chase and Citi! I learned the secret ingredient of "the hardship" department and may wonders never cease!
Chase: lowered us to 12% with a set monthly payment for the life of the loan. Better than nothin and I'll take what I can get.
Citi: 0% and a set payment for the life of the loan.
Of course, barring no payments are ever late and yada yada.
With Citi, I had to let them automatically deduct it from our checking account. This makes me CRINGE!! However, I am thinking about opening a new checking account at a credit union and can just leave this payment coming out of the old account. We'll see. I am excited every penny will be going to principle!! Smile

6 Responses to “Dealin's with the devils”

  1. frugaltexan75 Says:
    1251636023

    12% and 0% def are better than 20+%. Good for you making those deals! I do think setting up another account for your "real" money would be a good idea - you never know when they might decide to double dip or something.

  2. Ima saver Says:
    1251641212

    That is good news!

  3. CouponAddict Says:
    1251642320

    I would go set up that second account right away just make sure you have atleast two extra payments for the card in the current account just incase.

    It is worth the extra trouble of setting up another checking account to have the 0% rate, just make sure you have so cushion in the account so you dont miss a automatic payment and loss the 0% rate..

  4. creditcardfree Says:
    1251646128

    Oh, I'm glad you got things worked out. Can you tell us a little more about your negotiations?

    I also agree with changing accounts. Simply move money into that account at least a week before the payment is due. And maybe put in a extra payment as a cushion...if you can swing it.

  5. Joan.of.the.Arch Says:
    1251679907

    Very good!

  6. Jerry Says:
    1253308305

    That makes a huge difference, especially the one with no interest! That will lead to great savings, and you will be able to knock the other one down, too. Changing the accounts will give you a measure of insurance that they can't take anything extra out, by mistake! Great idea.
    Jerry

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