Hello All-
If you carry credit card balances on certain cards each month this tip is for you. If you don't great keep up the good work and if you do make an effort to pay more than the minimum balances each month and get these paid off! Carrying debt is a burden to you, your family and your life.
If you have cards that you carry balances on and you get an offer from a competing company to give you a lower APR, get on the phone with your creditor and ask them to match the rate. Many would rather lower your rate (they will still make money off your carried balance) then lose you as a customer. This will lower your overall interest charges, saving you money each month and it only took a phone call. These companies are going to be more interested in keeping you as a customer if you have been paying on-time and are what they consider worth hanging on to.
Happy Saving!
Summer H.
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