I have been searching your website. Our debt at the moment amounts to about 66% of our salary. We are so far current with all our cards but are finding it increasingly difficult to pay minimums. Also all of the minimums are going towards interest only, so making those payments is of no use.

I was thinking of going to a credit reduction plan when I came to your site I have the following questions. I intend to call all my companies to see if they will reduce my interest. How low should I request the interest to go before I accept. Can I request them to take out late payments for the past year or is it limited to the month you are calling?

Also can they recalculate your interest for past months on a lower interest rate, Is it something that consumers can ask for? Or is it limited to that month only?

Also to expedite the payment can you fix a minimum for the months coming and the dates for it as well.

I really would like to solve this problem on my own. I find it rather unnerving that I have to go through a credit company and give them any sort of power of attorney.

Thanks
Surbhi