Articles Tagged ‘rate reduction’

Request an Interest Rate Reduction
Wednesday, February 18th, 2009

One of the primary concerns facing consumers today as a result of the economic crisis is how to save money. While some have speculated interest rates on credit cards would be lower as a result of the Federal Reserve lowering its rate, the opposite is true. Due to the credit crunch, some banks are increasing interest rates and/or changing their terms of service. For example, one credit card company sent a notice along with the monthly bill that stated they were requiring payment of 1% of the total balance. The notice went on to state that: “This change in...

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