Credit Counselling


Some of my credit counselling clients have reportted that recenly their lenders have increased the interest rates on open balances 20 a whopping 24 %. Please be aware of what your lenders are doing and look to replace high interest rate debt with either a lower rat credit card or your home equity line of credit. Additionally, many lenders have been eliminating the unused portions of vredit lines, which is another reason why you might wish to use your credit line before it is reduced, thus preserving a lifeline of credit sources.