Question : How do you negotiate a lower interest rate with a creditor?
I just suggested to a person that they negotiate a lower interest rate with a creditor, and I know it's possible. But I'm not sure how to do it. Has anyone ever been able to renegotiate a higher interest rate into a lower rate? How did you do it?
- asked by Searcher
All Answers:
Answer #1
If your credit is good and you have made yourpayments on time call them and ask. If they say notell them you want to cancel your card. They willussually change it but only if you have a goodcredit score
- answered by keith s
Answer #2
You call. You say I'm interested in finding outif there is anything you can do about my currentAPR. That's it.If they hem and haw, say you gotan offer from another credit card company for 0%APR for the life of the transfer. That usuallygets them moving. Bear in mind though, that youshould at least have been making minimum paymentsfor some time. They will work with just aboutanyone but the better you are in paying yourbills, yet keeping a balance, they better off youwill be. They don't want you to take your moneyelsewhere, but they do want to be sure they aregoing to see some of it someday.
- answered by misskate12001
| 
measure and fulfill your financial needs
