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And do you know how long it lasts?
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Consumers utilizing these credit counseling services are expected to pay back 100% of their debt through small monthly payments.
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I'm not sure if the best approach would be to initially ask my current card companies to lower their rates, or to seek help from my bank (same account for 20 years, albeit under different banks due to mergers), or to shop for new cards with lower interest, or something else.
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Cut up the last credit card , cancel the account, and stop using credit cards until you're under control.
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