Comments on: How to negotiate with credit card companies http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/ Christian Personal Finance - Financial help, debt help and other financial resources Sat, 21 Nov 2009 08:03:07 -0600 hourly 1 By: 5 Mistakes People Make With Their Credit Cards | Redeeming Riches http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/comment-page-1/#comment-16608 5 Mistakes People Make With Their Credit Cards | Redeeming Riches Fri, 16 Oct 2009 12:49:21 +0000 http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/#comment-16608 [...] It puzzles me that more people don’t call their card companies to negotiate with them.  You can negotiate things like interest rates, late payment fees or even payment plans.  If nothing else, it doesn’t hurt to give them a call and find out what they can do for you.  Bob Lotich at ChristianPF.com tells about his experience in  negotiating with credit card companies.  [...] [...] It puzzles me that more people don’t call their card companies to negotiate with them.  You can negotiate things like interest rates, late payment fees or even payment plans.  If nothing else, it doesn’t hurt to give them a call and find out what they can do for you.  Bob Lotich at ChristianPF.com tells about his experience in  negotiating with credit card companies.  [...]

]]> By: LifeStyleGuider - Dealing with the Devil – Getting Better Deals on Your Credit Cards http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/comment-page-1/#comment-14214 LifeStyleGuider - Dealing with the Devil – Getting Better Deals on Your Credit Cards Thu, 30 Jul 2009 06:14:12 +0000 http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/#comment-14214 [...] This guy reports effort cuts from foregather most anyone who’ll speech with him.  His strategy involves making a sound call, effort a programme on the horn, and asking for a modify rate.  It works. The aforementioned system applies to slightly more hammy situations, too.  Did you woman a whatever payments because of whatever sudden situation?  If so, essay to revilement a deal.  The bill isssuer won’t do it to attain you see happy.  He’ll do it to ready your playing and because he recognizes that the ratio of rank defrayal module process with cost you crapper actually foregather on a period in/month discover basis. [...] [...] This guy reports effort cuts from foregather most anyone who’ll speech with him.  His strategy involves making a sound call, effort a programme on the horn, and asking for a modify rate.  It works. The aforementioned system applies to slightly more hammy situations, too.  Did you woman a whatever payments because of whatever sudden situation?  If so, essay to revilement a deal.  The bill isssuer won’t do it to attain you see happy.  He’ll do it to ready your playing and because he recognizes that the ratio of rank defrayal module process with cost you crapper actually foregather on a period in/month discover basis. [...]

]]> By: World Of Credit Cards » Blog Archive » Dealing with the Devil – Getting Better Deals on Your Credit Cards http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/comment-page-1/#comment-14071 World Of Credit Cards » Blog Archive » Dealing with the Devil – Getting Better Deals on Your Credit Cards Wed, 22 Jul 2009 17:30:14 +0000 http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/#comment-14071 [...] This guy reports getting cuts from just about anyone who’ll talk with him.  His strategy involves making a phone call, getting a supervisor on the horn, and asking for a lower rate.  It works. The same logic applies to slightly more dramatic situations, too.  Did you miss a few payments because of some unforeseen situation?  If so, try to cut a deal.  The card isssuer won’t do it to make you feel happy.  He’ll do it to keep your business and because he recognizes that the odds of complete repayment will increase with terms you can actually meet on a month in/month out basis. [...] [...] This guy reports getting cuts from just about anyone who’ll talk with him.  His strategy involves making a phone call, getting a supervisor on the horn, and asking for a lower rate.  It works. The same logic applies to slightly more dramatic situations, too.  Did you miss a few payments because of some unforeseen situation?  If so, try to cut a deal.  The card isssuer won’t do it to make you feel happy.  He’ll do it to keep your business and because he recognizes that the odds of complete repayment will increase with terms you can actually meet on a month in/month out basis. [...]

]]> By: How To Get Out Of Debt When You Owe More Than You Make - StumbleForward.com http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/comment-page-1/#comment-13381 How To Get Out Of Debt When You Owe More Than You Make - StumbleForward.com Wed, 10 Jun 2009 16:13:02 +0000 http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/#comment-13381 [...] Look into cutting down your interest rates as well.  You can do this by calling the credit card company and negotiating a deal with them.  If you would like to learn more on how to do this click here. [...] [...] Look into cutting down your interest rates as well.  You can do this by calling the credit card company and negotiating a deal with them.  If you would like to learn more on how to do this click here. [...]

]]> By: How to manage your debt in a recession http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/comment-page-1/#comment-12482 How to manage your debt in a recession Mon, 18 May 2009 14:49:10 +0000 http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/#comment-12482 [...] Negotiate credit card debt [...] [...] Negotiate credit card debt [...]

]]> By: * Do It Yourself Debt Consolidation http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/comment-page-1/#comment-12190 * Do It Yourself Debt Consolidation Mon, 04 May 2009 14:17:34 +0000 http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/#comment-12190 [...] people often overlooked the option of negotiating with credit card companies and other lenders as a way to lower your interest rates and payments. Now call each of your lenders [...] [...] people often overlooked the option of negotiating with credit card companies and other lenders as a way to lower your interest rates and payments. Now call each of your lenders [...]

]]> By: TheCreditToolBox.com » Blog Archive » Credit Around The Blogosphere http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/comment-page-1/#comment-8305 TheCreditToolBox.com » Blog Archive » Credit Around The Blogosphere Sun, 07 Dec 2008 13:30:30 +0000 http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/#comment-8305 [...] ChristianPF presents How to negotiate with credit card companies. [...] [...] ChristianPF presents How to negotiate with credit card companies. [...]

]]> By: The Money Hacks Carnival: The Best Crazy-Simple Money Hacks Edition | Credit Material http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/comment-page-1/#comment-8190 The Money Hacks Carnival: The Best Crazy-Simple Money Hacks Edition | Credit Material Wed, 03 Dec 2008 17:09:19 +0000 http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/#comment-8190 [...] PF talks about How to negotiate with credit card companies. Money Hack #4:Dumpster Diving and Reselling Junk Ouch! Dumpster diving?? Are you kidding me? How [...] [...] PF talks about How to negotiate with credit card companies. Money Hack #4:Dumpster Diving and Reselling Junk Ouch! Dumpster diving?? Are you kidding me? How [...]

]]> By: Lou http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/comment-page-1/#comment-8047 Lou Fri, 28 Nov 2008 18:30:03 +0000 http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/#comment-8047 Better off finding a way to pay them off than worrying about the interest rate. Better off finding a way to pay them off than worrying about the interest rate.

]]> By: Joshua http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/comment-page-1/#comment-8017 Joshua Thu, 27 Nov 2008 15:34:08 +0000 http://www.christianpf.com/how-to-negotiate-with-credit-card-companies/#comment-8017 Some additional food for thought ( while you are riding around on the unicorn ! )..... 1) Credit card companies keep track of your tendency to pay in full, carry a balance, and frequency of late payment. Unfortunately, people who pay their balances off frequently and / or are timely on their payments tend to get less of a reduction in % rate BECAUSE the card company believes that people who are WORSE at managing their cards "make up for" the reduction in % rate with other types of penalties or longevity of the debt. 2) The card companies know that there are a great many lenders (still) out there who want your business. Much as is pointed out here, you can sometimes simply puruse a lenders website, find out what kind of "low interest" deals they already have going on and talk with them about transfering your current account to one of those accounts. Sometimes this makes the negotiation easier. 3) As for closing your accounts, remember that this negatively impacts your credit score (temporarily). So if your credit score is import to you, you may not want to actually close the account, but rather leave it open and IF ( big IF here ) you become more adroit at handling your debt, use the card occasionally to keep it active ( althought, I am a proponent of closing a card down if they charge an annual fee or an "inactivity fee". As for the unicorn..... using the horn to impale your statements makes for a neat word picture..... ;) Some additional food for thought ( while you are riding around on the unicorn ! )…..

1) Credit card companies keep track of your tendency to pay in full, carry a balance, and frequency of late payment. Unfortunately, people who pay their balances off frequently and / or are timely on their payments tend to get less of a reduction in % rate BECAUSE the card company believes that people who are WORSE at managing their cards “make up for” the reduction in % rate with other types of penalties or longevity of the debt.

2) The card companies know that there are a great many lenders (still) out there who want your business. Much as is pointed out here, you can sometimes simply puruse a lenders website, find out what kind of “low interest” deals they already have going on and talk with them about transfering your current account to one of those accounts. Sometimes this makes the negotiation easier.

3) As for closing your accounts, remember that this negatively impacts your credit score (temporarily). So if your credit score is import to you, you may not want to actually close the account, but rather leave it open and IF ( big IF here ) you become more adroit at handling your debt, use the card occasionally to keep it active ( althought, I am a proponent of closing a card down if they charge an annual fee or an “inactivity fee”.

As for the unicorn….. using the horn to impale your statements makes for a neat word picture….. ;)

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