Aspire, Providian National Bank Phone 1-800-348-8783 ripoff They keep putting the interest higher and higher where I can't get it payed off. consumer rip-off fraud ripoff business from hell consumer Dallas Texas

Near 30% is right on the edge of loan sharking and I would give more details on how it got to be this bad. did you default on a cardmember agreement? Most credit card companies, if you are late or go over your limit, will jack up the interest to 25+% which is an absurd rate.

First things first: DO NOT PUT ANY MORE CHARGES ON EITHER ACCOUNT!!!!!

Second: Make at least the minimum payment to every credit account you have. This will not only keep the interest rate down, but also you will not be tacked on a past due fee around $30 every single month. Also, enough past due fees can put you above your limit which will be another $30. So that's $60 a month in fees if you get caught in that trap. PLUS INTEREST!

Without knowing your full situation, I cannot tell you the best way to go, however, I will give you some ideas as to how to get out of this trap:

First: Call the 800 numbers on the back of the cards and explain your situation. Explain that you are experiencing financial hardship and intend to pay them back but you need a break on the interest. This may or may not work, but it is worth a shot. Some credit card companies, such as Capital One, don't care. Others, such as Discover, will lower your rate to near 0% (zero percent) as long as you have been in good standing.

Second, if either account is over the limit PAY AS MUCH AS YOU CAN IMMEDIATELY and try to get and stay AT LEAST $100 below your credit limit to allow for the finance charges to not put you over your limit.

Third:

If your credit is good enough:
Apply for a new line of credit or use another existing line of credit to transfer the balance over at a lower interest rate. However, DO NOT TRANSFER BALANCES ON A NEW CREDIT LINE APPLICATION!! You will not know your credit limit so it is best to find out how much you will have available before you make your balance transfer. AND NEVER TAKE OUT A CASH ADVANCE!

If you have a home equity line of credit use it. It will be at a lower rate and you can take care of it. This only applies if you have the option available.

If your credit is not that good:

Choose the one with the highest interest rate and pay everything you can toward it. Even if you are sending in payments of eight dollars every three days just hack away at the balance.

Fourth:

If you get it down to around zero, pay the remaining balance plus $30 to cover any finance charges that have not yet posted. This should leave you with a credit balance on the next statement.

Fifth:

When you get the statement with the credit balance, send certified AND regular mail to the mailing address stating that your account is to be closed IMMEDIATELY and that you DEMAND the amount of the credit balance to be refunded to you via check IMMEDIATELY.

You do not want to do business with any company charging this absurd an interest rate, you can find better deals anywhere.

I say certified AND regular mail because even if they do reject the certified you know they checked the mailbox containing the regular mail. And if they accept if you have proof they receive it.

Also send letters to Equifax, Experian, and Trans Union that this account has been closed at CONSUMER REQUEST not at the request of CREDITOR. Closing at your request says that you are managing your credit now, even if you weren't in the past.

I hope this helps. If there's any other questions you have please update and I will see what I can do.