Somewhere in your wallet is a credit card charging you 20%, 22%, maybe 25% interest on every dollar you carry. And here's the thing almost nobody tells you: that rate is negotiable. Not in theory — in practice, on a regular Tuesday afternoon, with a regular customer-service rep, using a script that fits on an index card. Surveys of cardholders who ask for a lower rate have … [Read more...] about The One Phone Call That Cuts Your Credit Card Interest Rate
credit card interest
The Minimum Payment Trap: How an $8,000 Credit Card Debt Becomes $25,000
Your credit card statement arrives and you do what feels like the responsible thing: you pay the minimum. Not the whole balance — you can't, not this month — but the minimum, on time, every month. The balance barely moves. You tell yourself you're managing it. You're not managing it. You're feeding it. Here's a number that should make your stomach drop: put $8,000 on a … [Read more...] about The Minimum Payment Trap: How an $8,000 Credit Card Debt Becomes $25,000