Posted on
September 16, 2009
at
8:38 pm
I wonder if you could give me some advice on lowering interest rates? I have had difficulty with paying my bills because of this. Been tyring to make payments on my loans to no avail--it seems like every payment I make doesn't do anything to the principle amount I owe! Thanks for your advice and have a good one ahead.
Posted on
September 16, 2009
at
11:42 pm
Lowering credit card interest rates is actually easier than anyone thinks. It's really as simple as making a phone call to your creditor and make a request that you'd like to avail for a lower interest rate. Most cases end up being successful, actually--57% of users who have simply made a phone call request for this received instant results. The percentages dropped significantly, ranging from 7-10 pts from the present rate. I'd suggest for you to go ahead and try it.I'm sure it wouldn't hurt.
Posted on
September 17, 2009
at
2:34 am
I'm afraid that if I do this I may not be able to qualify and succeed on lowering credit card interest rates because I have a bad credit rating given my previous debts. What are the requirements for me to be eligible for this?
Posted on
September 17, 2009
at
2:46 am
To be eligible for a verbal request on lowering credit card interest rates--aside from having good credit, sans late notations on your credit report, there are other qualifications:- Your debt-to-income ratio shouldn't be too high- You shouldn't have a very high balance on your card- You pay more than the minimum amount that's required of you each month- You have a good payment record with that creditor- Your credit card isn't a sub-prime card.
Posted on
September 18, 2009
at
1:13 am
On lowering credit card interest rates, I know that you can also be able to request this from your creditor thru writing them a letter. A sample of that can be found
here.
Posted on
September 25, 2009
at
1:03 am
Lowering your credit card interest rates is also possible thru credit counseling. If you are qualified for their debt management program, the interest rate that you currently have will be lowered down to 15%.
Posted on
September 28, 2009
at
6:19 am
how can i go about lowering credit card interest rates if my credit is bad
Posted on
October 2, 2009
at
1:52 am
You can do what Purple Cow suggested in lowering credit card interest rates, which is thru a credit counseling option. You first need to go through a series of meetings with your credit counselor, and if they are able to assess the need for a debt management program, they will enroll you on one.
