Hi, I have had the same BoA credit card for about

I have had the same BoA credit card for about 10 years now. My interest rates use to be low but as the balance grew and I missed a payment (by just a few days), the rate is up to 25% and my balance is $10,000. I'll never be able to pay this off at these rates.

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Credit card company can increase interest rate when you miss payments. I will advise you to contact the credit card company and ask them to forgive this one missed payment. The credit card company may agree to forgive you. The chance is less. Nevertheless, you should try for it once.

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I think you should contact with the credit card company and try to set up a payment arrangement. If they don’t agree to negotiate with you, then you may get help from a professional debt relief company.

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