RE: Too Deep Of A Hole?

You are doing it right and these CC rates have no impact on you or me. Interest rate on credit cards is sometimes the problem for those caught in a tough spot, but I think most of the time even 8% interest rate would not save those who are fundamentally doing it wrong. If someone is just racking up the spending until they max out their card it doesn't matter if the interest rate is 8% or 28%