Dealing with Credit Card Companies
Found
this one via a link at
Gut Rumbles as well.
What to do when you are maxed out on a high-interest Credit Card:
Credit Card Rape
No longer enjoying the double digit screw courtesy my credit card company, I decided shave a little interest rate girth today.
If you are likewise suffering, here is your way out:
Call the 1-800 numbah on your bill. Punch in the necessary coded array of buttons that gets you to a live person, then say this: "Hi I need to speak with an account supervisor to discuss closing my account."
No, you can't pay off your card. Yes, this is a bluff. The people who answer the phone cannot authorize an interest rate reduction, and they will only hand you over to a supervisor if you threaten to close your account.
Supervisor gets on the phone, and after giving your name and account number, you will embellish the bluff, "Yes, I need to get a ten day payoff amount and close my account. I'll be switching to a card with a lower, fixed rate."
This is when they get friendly.
Read the rest -- Key then outlines how she got lowered from 27.9% APR to 7.996% Fixed. Nice to know if you are in that position...
Posted by DaveH at February 23, 2005 11:44 PM