Some scammy debt relief companies promise to get you a lower credit card interest rate, claiming they can save you thousands of dollars. But they don’t have special connections to do that. These companies can’t do anything for you that you can’t do for yourself for free.
Why Your Interest Rate Matters
Having a high interest rate on your credit card means you’ll end up paying more for things you buy, unless you pay your credit card bill off every month. It also might take you longer to pay off your credit card balance.
While there are no guarantees, you might be able to lower your interest rate by calling the customer service number on the back of your credit card and asking the company for a lower rate. There aren’t any shortcuts…