How to lower interest on a f'n credit card.

[Guest Scooter]

Maybe it's just me, but filing for bankruptcy is like... Admiting defeat, or failure. As long as ends can be met, no matter how hard, I will strive to do so. I applaud his resolve and dedication for not "taking the easy way out", so to speak.

[Guest powers]

He never said he was even considering filing Bankruptcy. Nor did he say his situation was anywhere near that.

 

This is what I was talking about someone said file bankruptcy and now people will think that he was going to. Never did he even metion it as an option. Nor do I feel his situation is anywhere near the level people are at when they do file.

[Akula]

To answer the original question, if you want to lower the interest rate you can tell them you have a better deal but would rather stick with them and what do they want to do to keep a good customer. Or get a debt consolidation loan ( this is called going into debt to get out of debt) at a lower rate than your card.

[zuht]

To answer the original question, if you want to lower the interest rate you can tell them you have a better deal but would rather stick with them and what do they want to do to keep a good customer. Or get a debt consolidation loan ( this is called going into debt to get out of debt) at a lower rate than your card.

 

I tried the first with Capital One some years back, and they would only go down like 1.5%. So, I haven't used the thing in years. I don't know what your (original poster's) credit is like, but I get 0% 12mo, 7.99% thereafter offers all the time, and about a year ago, I took advantage of one of these that also had no transfer fee. So, I avoided the usual 3% transfer fee (which is nasty on a multi-thousand dollar balance), and got no interest for a year. When I come out of that period, I am still only looking at 8%, so I'm pretty happy with the result.

[NTHER91]

To answer the original question, if you want to lower the interest rate you can tell them you have a better deal but would rather stick with them and what do they want to do to keep a good customer. Or get a debt consolidation loan ( this is called going into debt to get out of debt) at a lower rate than your card.

 

What people don't understand is that unless you are a priority card member (meaning you have over [generaly] $1 million) you are not a valued member. It doesn't matter if you've never had a late payment in 15 years or have never gone over your limit... if you have been repriced, then that is the final decision. A CC company will not negotiat a rate when you say "i want to close my account".... if the sys says that there is not a better offer, then there is no one that will over ride that (unless you're a valued member).

 

btw, Buck, what kind of work is your wife looking for? what kind of hours???

 

~Jennifer