Is there any way to lower the interest rate from 33% from credit cards to lower rate due to bad credit score?

My checking was NSF when I was out of the country for few weeks. I resumed the payments on my credit card when I was back. As the result, some of my credit card interest rate jumped from 5.9% to 29.99% and 33.34%. I am still making payments on the cards, but it is very differcult to pay down the balance when the rates are so high.

By | 2013-08-24T15:19:18+00:00 August 24th, 2013|Mortgages Home Loans Interest Rate|3 Comments

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  1. Mentor August 24, 2013 at 4:22 PM - Reply


    Check out for some useful info and tips. Good luck!

  2. OC1999 August 24, 2013 at 4:10 PM - Reply

    Because of the NSF you triggered what is known as the “Universal Default Rate”. This is what they consider a penalty rate when you cause certain events, such as the NSF. Generally the credit card companies will do nothing to lower the amount right away. However some will switch you back to a lower rate after 6 months of good history. You need to contact your credit card company and ask them to review your account. If the first person you talk to will do nothing, then ask to speak to their supervisor.

  3. goodflgirl2k August 24, 2013 at 3:24 PM - Reply


    Pay off all credit card debt!

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