How can you get your credit card companys to lower your interest rates,after you have lost your job?

Question

I have been unemployed for over a year. I have been able to keep up with all our credit card debt until now. I have tryed to call the credit card companys for help and they won't help until I am way behind, I am trying to avoid this. What can I do to get them to drop the interest rates on our cards?

Answer 1

Good Luck?
Your creditor may not be in the mood to bargain over interest rates. The best you can do is call and ask over and over. In my experience it is difficult to get them to budge. Have you applied for a lower interest card and transfer balances? If you have a few cards you could try calling one of the creditors up and telling them to pull your credit report after doing so tell them that if they give you a better interest rate and increase in credit line you will transfer everything over to them and cancel the other cards. Creditor's are greedy so you need to make it look as if they are going to make so much more money off you if they comply. So instead of paying 3 different cards various interest rates you will be paying them and only them. Sometimes this approach works.
Good Luck
Kourtnie Donihoo
Debt analyst
Enhanced Debt Assistance

Answer 2

you can't