There is hope coming. So, don't quit. There could be more options available soon. The National Foundation for Credit Counseling is working with the top credit card companies to standardize a Debt Repayment Plan. The plan is to offer lowered interest rates that would be low enough to allow consumers to pay off their current balances within five years. The plan is to include fixed payments of 2% or a hardship payment of 1.75%. Visit the National Foundation for Credit Counseling at NFCC.org or call 800-388-2227 for more details.
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