Jennafer read Scott Bilker's, Talk Your Way Out of Credit Card Debt and called her credit-card bank in the hopes of reducing her interest rate. Armed with the techniques from the book, she was successful at reducing her rate by 5 percent to 9.9 percent! After doing the math, she calculated that the debt would be paid back one year faster and she would save a total of $3,012! How much does she owe the bank--what is her current balance?
