In the past year I left a considerably higher paying
job for which I was in six years, to take a less stressful and lower
paying one. Consideration of debt was a difficult one in this
transition. I knew I would now be making less money to pay off the
debts incurred but never realized how difficult it would be. I am
now paying the minimum required and know that I will never get out
of it this way. Any suggestions? Have moved most debt to lower rate
cards, but the time on those is running out. Can I request that my
rate remain the same since I make my payments on time?
You can request that your rates be lowered but
they're not going to do it unless you give them a good reason. That
reason is that you'll transfer your balance to another bank unless
they lower your rate.
Now that you have a lower-stress job you may want to consider
earning extra money in your spare time. I know many people that have
successfully cleaned up they're house plus made some extra cash
selling their old stuff on eBay.com.
Also, be sure to make a complete list of all your financial
obligations, mortgage/rent, phone, credit cards, cable tv, etc. and
figure out how that works with your current income. This list of
monthly payments is part of the roadmap you'll need to make the
right financial decisions.