Is it easier to get a lower interest rate on your credit cards full or empty?

My credit card interest rates are OUTRAGEOUS! I have 5 cards, and they vary from 18%-29.99% interest rates. I am doing a debt consolidation, from my dad, and I wanted to know if I would have more luck getting lower interest rates when they are maxed, or empty?

By | 2013-08-25T13:21:42+00:00 August 25th, 2013|Mortgages Home Loans Interest Rate|2 Comments

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  1. My Take on It August 25, 2013 at 2:31 PM - Reply

    You won’t get a lower rate either way.

    Also, I sure hope your father is having you cut up those cards (maybe save one) if he is giving you money to pay them off or down. The chances of you charging them up again and being in this position in the near future is pretty high if you keep these cards within your reach to use!

  2. Sharon T August 25, 2013 at 1:59 PM - Reply

    Don’t think you’ll get a lower rate either way, but surely not with them charged to near their limits.

    If you are borrowing from your dad to pay these off, you should give him the cards and promise not to use them until he is paid off.

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