How do i lower my intrest rate on my card to pay it asap?

Question

or how does the 60% pay work? and or should i have a representive who knows the law of the creditcredit card talk to my credit company? what do i do to pay asap. thanks

Answer 1

Interest rates are only lowered for people with excellent credit scores.  If you are having difficulty paying your card off in full each month then just pay 3 times the minimum and you will pay it sooner.

Answer 2

As a thumb rule, never revolve credit on a credit card. Make it a point to pay the total outstanding on your card every time the due date comes. The interest rates are very high on credit card. Since you have already used the card and there is outstanding amount, best option is to take a personal or some other cheaper loan and clear the credit card bill.  

Answer 3

If you call the card issuer, they will usually lower your rate.  They would rather do this than have someone not pay it at all because the person realizes the bank is s******g them!

Answer 4

The best thing you could have did in this situation was paid them the money back as soon as you got it now the interest rate kicked in and your paying back more than borrowed. The only solution is to pay them the amount they are asking every month plus the finance charge. You would see your bill going down if you only pay the minimum payment then it wouldn't go any where. The best advice I can give is get rid of the credit and use cash only that the best solution.

Answer 5

You just ask them outright. My husband does it all the time. You tell them that if they  can not lower is so you can pay it off in full that you will close the account. They usually cave and give you want you want so long as you have good credit.  

Answer 6

First you ask them nicely. Then you ask them nicely again. If that doesn't work then you ask them for the Mailing address to their Bankruptcy department. Say that your attorney needs it. They will try to keep their account out of Bancruptcy, of course I do not suggest you actually file for BK, but this will make the credit card company become really flexible with the interest rate.