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He hasn't use the card for 6 years. But family problems from time to time, prevented him from making substantial payments. Poor soul.

Yes he has been paying it for years at $50.00 a month.

Thanks a million. This month only $33.00 of the $50.00 payment went against the balance of $2,500. I guess he should try to pay more than $50.00 a month.
Thanks again for the fine advice.

That very wise advice. Maybe he should pay more than $50.00 a month

Yes it is 7.99% it has been for many years. The reason I ask, he has an offer of a free interest credit card for 15 months, Possibly he could transfer the balance to this new card. But at the end of...

Church member owes $2,500 on his bank of american credit card.
At 7.99 APR

Of his monthly payment of $50.00, $17.00 of it goes toward interest or 34% of his payment.

We wonder where the 7.99...