Posts Tagged ‘Negotiation’

Is there anything in it for credit card companies to reduce my interest rate?

Thursday, October 29th, 2009
kamui r asked:


I’m in the process of paying down my debt and it would be nice to do it at a more reasonable interest rate. Basically all of my cards are in the 20% range and i’ve been told you can negotiate a better rate. My score is in the mid-600’s and all accounts are in good standing. Does anybody have any history of successful negotiation in a similar situation, and if so what’s in it for the company to do so?

reduce debt