Cut Your Credit Card Interest

Work the plan:

How maxed out are you on your credit cards? Most creditors will not reduce your credit rate if you are at your maximums. Pay off the highest interest rate card first. As you lower the balance you are increasing your credit score. The higher your score the less of a risk you are. When you have lowered your balance to 50% of your credit line, pick up the phone, call the creditor and ask for an interest rate reduction. You may be surprised at the response. Almost 50% of people who do call get a reduction.