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  1. #1
    Newbie
    Join Date
    June 16th, 2008
    Posts
    1
    Balance Transfer of $19k? Need help!
    I've had a Visa account with Providian (recently became WaMu) for 7 1/2 years. My limit is 20k. I have a balance of $19k. I have a great payment history... except last October, I got an over the limit and late pay from WaMu (just a couple of days, so not reported). WaMu upped my rate to 31% as a result. I called them and they refuse to negotiate the rate down. I've GOT to lower the rate as I am currently paying $500/mo in interest alone.

    My credit score is 647, due to high debt to income ratio. I recently got a decent raise. I can make the payment, but need to pay down my balance to improve my FICO.

    Is there any company out there that would open a new account for $19k and do a balance transfer? I really want to close the WaMu account.

    I'm not trying to buy anything, so this isn't urgent. It's just obsurd.
    Please offer any advise you can.
    Thanks.

  2. #2
    Resident Genius and Staunch Capitalist Leader's Avatar
    Join Date
    January 18th, 2005
    Location
    Florida
    Posts
    12,817
    Maybe you could get a personal loan (instead of another credit card), and pay it off that way.

  3. #3
    CPA Network Rep Joe Lilly's Avatar
    Join Date
    April 25th, 2006
    Location
    Vegas, Baby!
    Posts
    977
    I just got a Discover card and transferred 12k w/o too much hassle. Plus their balance transfer is 0% for the first 12 months.
    Joseph Lilly
    PartnerWeekly, LLC 702.407.0707 joe.lilly at partnerweekly.com
    PartnerWeekly

  4. #4
    Merchant & ABW Ambassador
    Join Date
    May 31st, 2006
    Location
    Houston TX
    Posts
    4,731
    Why not split it between a few cards?

  5. #5
    Member
    Join Date
    January 27th, 2007
    Location
    Austin, TX
    Posts
    109
    I second what Eric said, split the balance. This is how those cc companies make money, chances are, you'll migrate the balance over, and 2 months from now they'll send you more of those credit checks that offer amazing promotional rates.

  6. #6
    Troll Killer and best Snooper!
    I decide when the pigs fly!
    Rhea's Avatar
    Join Date
    January 18th, 2005
    Location
    New York, USA
    Posts
    6,195
    Reported.

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