Step 3 of 12 Towards Financial Freedom: Negotiate 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.

NEGOTIATE FOR A LOWER APR
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. Click here to get the facts on credit cards and credit card debt.

Feeling overwhelmed? No worries; we’ve got you covered! Sit down with one of our free, on-staff financial counselors. They can suggest tips for saving more and spending less so you can be one step closer to financial freedom. Call today at 330-364-8874 and ask for Katy Steinebrey or Fred Weingarth.