http://getoutofdebt.org/5292/how-do-i-get-the-credit-card-company-to-lower-my-payment-to-what-i-want-sally Free debt help and debt advice on how to get out of debt, getting out of debt consolidation scams, and inside information on the debt relief and debt help industry. Fri, 25 May 2012 02:12:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://getoutofdebt.org/5292/how-do-i-get-the-credit-card-company-to-lower-my-payment-to-what-i-want-sally#comment-3790 Neil Montgomery Mon, 23 Mar 2009 18:19:23 +0000 http://getoutofdebt.org/?p=5292#comment-3790 Cleaning up credit is not just as easy as many people whoi blog on these sites say. Cleaning up credit is not just as easy as many people whoi blog on these sites say.

]]> http://getoutofdebt.org/5292/how-do-i-get-the-credit-card-company-to-lower-my-payment-to-what-i-want-sally#comment-1421 San Francisco Financial Planners Wed, 07 Jan 2009 20:37:52 +0000 http://getoutofdebt.org/?p=5292#comment-1421 Call your credit card company and tell them you cannot give them any more money and that they must lower your interest rate. Threaten bankruptcy. Make it clear that they will not get your money unless they work with you. Sometimes, they'll listen so they can continue to take at least some of your hard earned money. Make it a regular practice to call your credit cards to ask for a lower rate. I have one client who owes over $20,000 on a Visa that was at 18%. He spoke with a 'rate specialist', touting his rising credit score and declining balance and got his rate cut in half, from 18% to 9%! His monthly interest charge was instantly reduced by $150, which will help him pay off his debt even sooner. Call your credit card company and tell them you cannot give them any more money and that they must lower your interest rate. Threaten bankruptcy. Make it clear that they will not get your money unless they work with you. Sometimes, they’ll listen so they can continue to take at least some of your hard earned money. Make it a regular practice to call your credit cards to ask for a lower rate. I have one client who owes over $20,000 on a Visa that was at 18%. He spoke with a ‘rate specialist’, touting his rising credit score and declining balance and got his rate cut in half, from 18% to 9%! His monthly interest charge was instantly reduced by $150, which will help him pay off his debt even sooner.

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