The Better Business Bureau and financial advisors recommend talking with your credit card company. Many will negotiate terms, so they don’t lose you as a customer. If that doesn’t work, you can keep your current rate to pay off your balance, as long as you don’t make any new purchases. However, the new interest rate will be enforced for any new purchases made.
Banks say simply being better about paying off balances and not making late payments will help. They say the rate hikes most affect people who keep balances on their card or have rates that are too low for the market.
Category: Debt Dumper Tips
1 Comment
04:11, 22.02.2010
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