Getting a lower interest rate
Ok I am working hard at paying my credit card debt off and of course my interest rates are ridiculously high like 29% for a few of them and a couple are 21%. Here is my question. Once I am showing consistent payment history and the balalce is going down, will my interest rates go down or can I call up and ask CC's to lower my interest rates. How does this work? What are my chances of getting my interest rates lower or am I stuck with my high interest rates forever?
I love being on these boards and all this personal finance subject matter can become very addicting--
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