Lower Your Credit Card Interest Rates

Credit card companies will try to charge you whatever interest rate they think the market will bear. It’s up to you to get a lower rate and by negotiating directly with the credit card company. Don't forget, these companies need your business and fiercely compete with each other to get your business. One way they can be more competitive is to lower their rates.

Your ability to get a lower rate is dependent on a number of factors:

1. How long you’ve had the card, longer is better.
2. How high the credit limit is, higher is better.
3. The amount owed on the card versus the credit limit, lower is better.
4. What you owe on all your cards, lower is better.
5. If you’ve been late on payment, less or none is best.

With this said, you need to get on the phone with your credit card company
ask for the lower rate.

This is sample script:

"Hi this is__(your name)___ I have a credit card with you but I have received several offers to transfer to another company at a lower rate. If I can’t get a lower rate from __(name of the credit card company)__ I will transfer and cancel the account."

Once you are given a lower rate try this:

"Is this your absolute lowest rate, I believe I will still transfer the balance?"

That’s right, often they have a range of rates and you should press for the LOWEST rate. Don’t be surprised if you get a lower offer. We hope this works for you. However, we would like to now broaden the discussion. Is the rate reduction really going to solve your debt problems? Here is a list of possible Alternatives:

• Do Nothing Falling into debt is an emotional issue and oftentimes you can panic and think things are worse than they are. We’ll show you how to know if you are really in trouble. (learn more)
• Debt Counseling Many people get into trouble because they don’t understand how to control and manage debt. This approach provides education and a helping hand. (learn more)
• Debt Consolidation If you are in serious debt trouble, the best way may be to hire a professional who can negotiate with all your creditors to streamline your payments so they become more manageable. (learn more)
• Debt Elimination Not for everyone, but there may be some characteristics of you personal debt profile that will enable you to use a professional who can actually get your debts forgiven. (learn more)
• Personal Bankruptcy Your right to a second chance by having certain of your debts forgiven, is granted to you by the U.S. Constitution. While deciding to declare personal bankruptcy is a serious decision, it an alternative that is being used by record numbers of Americans. Does personal bankruptcy make sense for you? (learn more)

These are your alternatives.
How do you decide which is best for you?The National Debt Referral Center can help you decide by discussing all your options and providing you with the appropriate referrals. There is no charge to you for our service and no obligation to buy services as a result of our referral.

Call us today at (800) 583-2043 Or click here.