August 21, 2008
If you carry a balance on your credit card, you need to make sure that you are getting the lowest possible interest rate on that card. I usually call my credit union about twice a year to make sure that I am getting their best possible rate. Eventually, you will have the lowest rate possible. Until then, keep calling and asking them to lower your rate. You will save interest money and hopefully pay off that debt a little faster.
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The content on this blog are my personal opinions and thoughts. I am a blogger and writer with a strong personal finance background. However, I am not a certified financial planner or financial professional of any sort, so content on this personal finance blog should be treated as entertainment only. Listen to what works with you, verify it with the real professionals, and make your own decisions.
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Calling your credit card company can help lower your interest rates. I found this article to also be helpful: http://www.brighthub.com/money/personal-finance/articles/17952.aspx I used those techniques and had one credit card go from 29.99% interest to 9.99% interest. It does help, though, it have a good credit rating.
Posted by: Sabp21 | December 09, 2008 at 06:14 PM