Financial Advise???

[madurolover]

Originally Posted by Mugen910

I am no finance guru but why not just ask the CC company to lower your interest rate or threaten them that you'll transfer the balance to another card that is offering better? I'm not a fan of taking from a 401k for some reason.

The CC company just sent a letter saying they are rasing the interest rate. That is the reason she wants to get it payed down. She does not care to pay it off in full. That way she can still make a minimal monthly payment and it helps toward her credit rating.