It embarasses me to admit that 5 of my 7 credit accounts that I am working to reduce have APR’s of over 20%. It really didn’t hit me until I made a spreadsheet this week of the current totals.
I’ve had my head in the sand long enough.
…the results of a national survey conducted by the U.S. Public Interest Research Group in March 2002. Fifty consumers of all credit backgrounds called credit card issuers and asked for lower rates. More than half, 56 percent, scored lower rates.
They also provided the script that those callers used.
Hi, my name is [Your Name]. I am a good customer, but I have received several offers in the mail from other credit card companies with lower APRs. I want a lower rate on my card, or I will cancel my card and switch companies.
I’ve got a busy day at work today, but I’m going to find time over the weekend to make these calls. Look for the results of my own attempts on Monday!
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[...] March 19th, 2007 in Credit Cards, Motivation I promised last week I would report back on my results to get my credit card APR’s lowered. However, I was tied up [...]