Credit Curb Appeal for Credit Card Rate Negotiations
As we continue to look at the ways to better negotiate your credit card rates, today we are focused on some very basic steps to take. You want to look good to the credit card companies when you call so that they will give you what you want. Here are two basic things you can do to brighten up your credit.
Pay Down as Much As Possible
You need to attempt to pay off your debt aggressively before you call. If you have extra money in your bank account, send it in as a payment to get your balance down. Do what you can to bring in more cash and make a big payment on the target card in question.
Benefits
- This helps bring your total balance down improving your metrics.
- It shows the credit card company and possibly the analyst on the phone that you are serious.
Boost Your Income
Find ways to bring in extra money, such as asking for a raise, taking a part time job, doing freelance or contract work on the side, holding a garage sale, using your income tax refund, selling a few things on Ebay.
Paying down your debt as much as possible and reporting that your income is higher than what it used to be are the two most powerful things you can do. Now don’t worry if this is not an option we have more tips coming in our next installments.
For More Information see Part 1: Prepare Before You Call Your Credit Card Company for a Better Interest Rate
