Blondie
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You can definitly ask them to lower your interest rate! It is worth a try. If they say no, you could always contact a debt counseling company--they are able to lower your interest and monthly payment as well as consolidate your debts into one payment. I used Debt Counseling Corporation and they were great! My credit score is better now and i am debt free~! check out their website:
http://www.debtcounselingcorp.org |
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Lloyd Braun
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More often than not, a phone call can get you a lower rate. If you've had no late payments, and especially if you pay more than the minimum, just ask and they will probably be agreeable.
Just a little more advice, though -- they don't like seeing payments more than once a month, as many people with bad credit do this to keep from forgetting to pay. It's a trait that's seen negatively, although your intentions are good. |
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Barbra
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Never charge more than you are able to pay in one month. Pay it as soon as the bill arrives so you won't forget.
I always pay all of it at once.
If you charge something that's on sale and you don't pay each month; you end up paying full price for it. So, you haven't saved anything.
By not paying your charge card off each month; you are making them RICH. |
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Kourtnie D
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If your credit is good why not look for a card with a lower interest rate?
In my case I called my credit card company and told them I was going to move my credit card to another lender unless they could give me a better rate. I got the better rate. Sometimes that does not work. As stated by someone else Capital one is not the most generous lender.
Always pay twice the minimum due or it will be years before your out of debt.
Kourtnie Donihoo
Prosperity Financial |
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luciousgreeneyedlady
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you call capital one and ask them if they can lower your interest rate. if they say no then they will give you the reason why they said no. |
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Michael A
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My Capital One limit was just a pittance compared to yours but due to high interest rate I just finished cutting my card up last night. "What's In Your Wallet?" is not in mine anymore. |
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astralpen
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Capital One is a pretty bad company to deal with. You can try calling them. Tell them that you are getting offers from other cards at a lower interest rate and will need to terminate your account if they cannot lower the rate. If they won't, start looking around for a new card. If your credit history is good, it should be very easy. A great many cards have extremely low interest rates for the first year. Get one of those and then switch around once a year. |
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ECG
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First of all being the person that I am I don't even own a credit card an thats one reason why. I think you should get rid of those things because credits cards are good to have and can be bad also. Just talk it over with your husband and see what you guys come up with. Credit cards are really stressful!!! HELP |
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Islander
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If you have good credit get another credit card with a lower APR and transfer the balance. Cancel the old one later on. People will tell you it will affect your credit, blah blah blah. It happens every day and your move will correct itself by the time you pay off the loan. 19% is crazy. If you dont like that option get a loan at a lower percent rate and consolidate all your debts. Do something. Right now you are giving away your hard earned money to a bank. |
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*****
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Thre is no way to bring the interest rate down ,if you are paying dribs and drabs, you will be in debt forever. The interests keeps accumlulating, and the principal amount remains practically unchanged. What you have to do is to try and make some sizeable payments, and quite using the card. Buy only what is absolutely necessary. |
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babo1dm
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your are spending More than you can pay Back.....that much Limit you should just put the card away Pay on it...you can ask the Credit Card Company to Lower you Limit...People have to realize if you see something you want to purchase if you it ..cant pay Half when the Statement comes in.. then you cant Afford it |
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Buddy A
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You need to contact them and ask that they reduce the rate as you believe you are deserving because you are suck a good customer. They normally work with you and stress that you are loyal and want to remain with them as opposed to taking out another card as you receive special offers all the time. |
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heybulldog
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call em up and ask. If they say no then threaten to cancel the card. If they still say no. cancel the card. |
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dark
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you can't lower the interest rate.19% is quite high.there is only 2 solution to this problem.one is to terminate both or just one of your credit card,the other is to minimise your usage of the card. |
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Ollie
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pay more than the minimun payment. and always pay on time |
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Mr. Prefect
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Choices are simple. Pay it off. Move it to another card where you won't be beaten down, call them up and ask for leniency, if not you will be moving it. |
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Ania & Richard
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Pay more than $109 to start putting a dent in the balance. Try to tone down the spending. Always pay before the due date. (After reading your question – are you putting $50/monthly bill or $200? If $200 – Great!)
Haggle...and don't be afraid of them saying "no." When they do ask for the manager, haggle again, if the answer is still "no," say you are going to cancel the account, (they will probably be most receptive of this, because if you cancel they stop making money off of you...) if they still say "no," even after all of this. Try to find another card company to balance tranfer your existing credit balance to.
good luck, try to start taking back your credit score. |
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gonzo
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Call Capital One and negotiate the interest rate. If you can't , just get a credit card with lower rate and close this one. |
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Hari O
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Pray to the bank to reduce rate! |
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