I am a member with Advanta credit Master Card. These people are charging me an astronomical interest rate of 35.17% interest rate. I have never in my life seen an interest rate this high! Right now I'm paying 35.17% on a business card of $19,500. The total finance charge paid for 2008 was $4146.24. My next minimum payment is $723.00. I sold all my jewelry including my wedding ring to help pay for last month bill which was $746.00. You can see I'm getting nowhere here.
My husband is a builder and as you know the housing industry can make or break the economy, but right now, consumers are not building as they were because of the economy. Going to financial counseling, is not the answer for us right now, because if we did, my husband would not have the financial resources to continue building when the economy picks back up. Now, we face loosing our home that he built and everything else we worked so hard for, and it hurts!
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