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RE: Personal Finance: Debt-Free is the Only Goal That Matters. All Other Goals Are Stupid
Could you move the debt to an interest free account while you are paying it off or negotiate that no further interest is added to it?
nope
edit: ok to be more detailed -- I've seen a lot of finance articles suggesting you call and follow a script of some kind, asking for the manager, saying you aren't satisfied yet, etc, until they offer a lower interest plan or other deferments. It hasn't panned out for me despite repeated attempts. At this point most of my debt is at a very very low interest rate anyway (like 3%) this was more of a fluke due to me tracking it badly. Thanks for the idea tho
Okay - we get a lot of offers for interest free credit if you transfer an existing balance. Sometimes the transfer fee is a bit questionable - you're not necessarily paying much less! We also have debt management processes here where you ask that interest is stopped and then you negotiate a payment schedule based on your incoming/outgoing budgets. But I accept that's the UK 😎