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By admin, July 8, 2010 8:40 pm

Credit repair services, can i do what they do?

those companies on the radio that state they will negotiate with your creditors to reduce your debt up to 60%, what is it that they negotiate, can i call them up myself and negotiate? how does that work, because currently I am trying to pay off everything, and i want to let my banks know that so that maybe they can try and meet me half ways by lowering my interest rate, because they want there money and I would think they would do whatever to get it? PLEASE ADVISE!

Yes! If you have credit cards and have been paying at least the minimum on time for the last six months just call the customer service number on the back of your card and say “I have been a customer for (however long) and in the last six months I have paid at least the minimum payment on time and I would like my interest rate reduced to 9.9%.” They should say ok let me look up your account and than reduce it for you right than and there. If they dont ask to speak to a supervisor and if the supervisor tells you no (they shouldnt though) tell them you will be taking your business else where. I have done this with my credit cards and it worked no problem. The only thing is that department store credit cards will not reduce their interest rates only the major credit card companies like capital one, chase, and those like that.

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