One phone call can lower your interest rates on your Credit Cards
Here is a little information you might find helpful. With the bad economy, the home forecloses and unemployment rate going up many of the credit card companies are trying to find ways from losing their customers with non payments.
Today I called my credit card company for my DJ business and just simply asked them if there is anything that can be done about the high interest rate. The nice lady on the other end of the line said she would talk to her supervisor to see if they could help.
She put me on hold for about 20 seconds then came back on and said she could lower it by 10%.
This lowered the interest rate from 21.99% to 11.74%
Typically if you ask, the Credit Card Company will tell you "sorry there's nothing we can do" or they may lower it a percent or two at the most. I was shocked that they would drop it by ten percent!
The lady then told me to call back in three to four months to see if they could lower it more!
Here is the one catch..... If you miss the payment date, even if it is by one hour after they close for the day, the rate will typically go right back up to where it was or even increase more.
Even the credit card business is hurting right now because people are not charging to their cards as much as they normally would and people are defaulting on payment because of the tight economy.
I added using credit cards as a form of payment for clients early this year. So far no one has taken me up on using it because they are afraid of the interest rates and the unstable economy.
Last week I received a letter from the company I work with to accept Credit Cards that stated because I have not used the service to a particular dollar amount each month (their limit) that they are lowering the monthly charge to me.
It dropped from over thirty dollars a month to just $5.95 per month. As long as I do not use the service over their minimal limit each month the price will not go up. This allows me to offer the credit card payment for my customers without the higher charge to my business.
Here is your chance to lower your interest rates with nothing more than a phone call.
I hope it works for you!
Jeff Richards: Party Time Productions
http://www.PartyTimeProductions.biz