Step 3 of 12 Toward A Debt-Free Life

Middle-aged black gentleman talking to a femal in the forgroundNegotiate a Lower APR

If the majority of your outstanding debt is credit card debt, you may be spending hundreds of dollars just on interest alone. Aside from wasting money, this keeps you from moving forward and paying down your debt.

Most people don’t know you can call up a credit card company and negotiate for a lower APR. Take the time this month to do that. Explain that you are working on paying down your debt and that the interest payments are impeding your progress. You can even research competing cards and cite their interest rates in a bid for a lower APR from your current credit card company.

Lowering your interest rates will allow you to make another real step toward getting rid of debt.

Your Turn:
Have you ever negotiated for a lower APR on your credit cards? Share your success stories with us in the comments!