Asking for a Lower Credit Card Rate

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I turned my Chase cards over to a law firm who handles negotiations with credit card companies. Credit card companies are scum bag thieves. So far things must be going OK, but Chase still continues to contact me.

Shannon Elwell of GA 1:48AM May 25, 2010

There is no reason to pay a 29.9% interest when Chase (and other) creditors are willing to reduce it to a 7.4% fixed rate. I am a certified credit councelor work with a debt management company and am willing to inform you just how low each creditor is actually willing to reduce your rates to. The company is called Plan First Financial Solutions, www.pffs.com, we are a fully accredited business with the BBB with a stellar rating. My phone number is 1-888-358-3128 and ask for Stephen Mac for a free debt analyst to determine how low each of your creditors are willing to reduce your rates to (up to a 60% reduction)

Stephen of FL 12:10AM December 10, 2009

When calling Chase, you will more often than not need to speak to
the rate department. Start with Customer Service. Occasionally, the
customer service rep will not transfer the call. You will need to dial the
rate department directly. Chase accounts will sometimes allow for a
product trade. First ask if the account qualifies, then ask what rate that
trade will result in. Always ask customer service reps for the trade rate,
the supervisor will not trade for lower rate.
Chase – Has product trades and hardship programs.
Creditor Phone Hardship Program Terms
Chase 888‐694‐6909 Long term and short term hardship programs: 12 months/5 years
When first calling Chase determine the interest rate that is being applied. If the rate is 13% or higher, first request for a product trade to the
Disney account. Make sure you are turning in current rewards before trading to the new account. Note: Chase has to believe you are trading for
the rewards benefits not the interest rate. If the rate is below 13%, then ask to be transferred to the APR specialist department and request a
lower rate.
If you find this info helpfull or need more help you can contact us at www.excitefinancial.com

chris of FL 11:27PM November 14, 2009

I need help figuring out what to do please! I own a beautiful home where I owe more than what it's worth. The mortgage payment is killing me; $1433.00 a month...This is a 30 yr. loan; Interest Only. I bought it for $290,000 and owe $230,000 on it. My interest rate is 6.75%. I bought it about 3 1/2 yrs ago. I got laid off LAST November 08, collected for a little while, and lost unemployment due to my ignorance on how the system works. I recently got laid off from a restaurant. The place was only open for 2 1/2 months; and biz was not that good, so they laid me off. So there's no way that I can collect. As a matter of fact, I'm on a pymnt. plan with unemployment; they say they overpaid me! My question is: how can I lower my mortgage pymnt? I have no job; no income, except for an occasional singing or modelling gig that may come up. I do now have a roomie that pays me $600 a month; which helps but not really. I don't want to sell..this is my future investment. But I feel like I am suffocating! I could rent it out, but would never get what I'm paying now; not to mention the HOA dues that I pay every quarter. Should I call my mortgage co. and tell them? I really need some good advice. Thanks

Diane of NV 8:08PM November 13, 2009

Hi,
I am having the same problem with Chase. I wound up with three credit cards with them, one of them being my business card that I use for the business I run. One of my credit cards is charging 29 percent interest. I am retired and on a fixed income and I am struggling to make these payments every month. I think I now have ulcers over the whole thing.
If anyone gets any kind of help with these interest rate issues, please contact me. Thanks.

Shannon Elwell of GA 11:35PM October 12, 2009

Hi,
I am having the same problem with Chase. I wound up with three credit cards with them, one of them being my business card that I use for the business I run. One of my credit cards is charging 29 percent interest. I am retired and on a fixed income and I am struggling to make these payments every month. I think I now have ulcers over the whole thing.
If anyone gets any kind of help with these interest rate issues, please contact me. Thanks.

Shannon Elwell of GA 11:35PM October 12, 2009

I just called my Chase card. They worked with me in the past by lowering my interest rate from 20.99% to 13.99% over a year ago. It just shot back up to 20.99% again. So, I called today and they refuse to work with me. My balance is $5,100.00 and I've been with them ten years now. NEVER EVER been late with a payment and NEVER always paid what was due OR MORE than was due. Still won't work with me. Instead they want me to cut my card up, close the account with offering me a 12 months rate of 8% interest being $77.00 a month payments and after the 12 months it will go back to the 20.99% rate at regular payments as now. What good is that? I was firm with them. Had them look at my history and she agreed the history is great, but still insisted couldn't work with me on lowering the interest rate. I told her I would have to go to debt counseling then where they negotiate and cut my balance due in HALF for me to pay them off that way. She didn't care. She said it will hurt my credit score. Truthfully at this rate I don't care. I don't plan to buy a house or anything to be concerned about the credit score. I just want to PAY THEM OFF reasonably. So, go figure. still she said she couldn't do anything for me. I heard Chase is bad to work with...now it's proven that they are.
Nancy

Nancy of FL 7:27PM July 15, 2009

44K in credit card for 5 cards to the
limited, but pay on time. I pay about
$900 in interest. WHAT CAN I DO? a
personal loan or credit line for a
property o what?

Jen of FL 6:39PM April 03, 2009