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Interest on credit card written off

August 25th, 2009 at 10:24 pm

I have been sharing some of the collective wisdom from this site with a friend. She asked me if I would help her out to clear her debt. After some discussion she called the collections department of a department store where she owes $1,500.00. Of course the interest rate is 28.8%. She told them she would pay them $100 per month for the next 15 months. They said that because she has made that committment they are waiving all interest charges. I am both thrilled and proud of her. Isn't that fantastic!

6 Responses to “Interest on credit card written off”

  1. creditcardfree Says:
    1251236556

    That's great! And you should be proud.

  2. Ima saver Says:
    1251237807

    Great!

  3. shiela Says:
    1251245971

    That's fantastic!

  4. Jerry Says:
    1251473554

    The commitment of your friend will lead to great benefits if she can stick with it. That the store waived the 28% interest fee is astonishing to me! Impressive. If she can make that progress on other debt she will have some insurance that she can be out of trouble in no time. Way to be supportive!
    Jerry

  5. SicilyYoder Says:
    1251938529

    That is so good that you could help her!!

  6. BuckhornGal Says:
    1252506701

    Thanks for your support folks!

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