How do you negotiate with credit card companies as it relates to interest rates, etc?
Filed Under (Credit) by admin on 10-04-2009
Tagged Under : Control, Credit Card Companies, Credit Card Debt, Credit Counseling Services, Credit Debt, Interest Rates, Negotiating With Credit Card Companies
asked:
We have about $100K in credit card debt. I’m trying to get it under control, however, I’m back in the same big hole every month due to interest. I have looked into credit counseling services, everyone wants to charge you some large fee for negotiating with credit card companies. I want to try to do this myself. Does anyone have any suggestions, points or tips for doing this?
We have about $100K in credit card debt. I’m trying to get it under control, however, I’m back in the same big hole every month due to interest. I have looked into credit counseling services, everyone wants to charge you some large fee for negotiating with credit card companies. I want to try to do this myself. Does anyone have any suggestions, points or tips for doing this?
At this point, just ask them to lower your interest rate. Credit card issuers are increasingly willing to help borrowers, only because they don’t want to take a total loss.
Tell them the situation and see what they’ll do to meet you in the middle
The way if you know your credit in general do you say no tell them up and when they have no way you have good.
The weekwhich might not be bad idea by the weekwhich might not be bad idea by the way if you are late today then you have some.
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