Are you one of the many Americans that opened a charge card account bill today only to find that you are paying an interest rate that you don’t feel you deserve? Are you one of the people who feels like they are being taken advantage of by their charge card account company? Many Americans find themselves in this position. However, not facing financial hardship means that debt consolidation or debt settlement is no option for them. But what if I told you that these Americans still have a fighting chance at getting a lower interest rate?

Well, they do. Most Americans have a false representation of the average credit card account corporation deep in their minds. They think that charge card account companies are big all mighty corporations that don’t care about the people. Well, this is not the case. If the credit card companies didn’t care about the people, they wouldn’t have grown to be so big in the first place. As a matter of fact, credit card companies are much like mom and pop shops! Although, they are much bigger, they still rely on the faithful consumers that use their products! With that said, charge card account companies generally want to keep your business.

For those consumers who are dealing with high credit card interest rates, relief can be a phone call away. No, don’t call me, call your lender! When it comes down to it, if Americans have done everything that they were supposed to do as borrowers for a long period of time such as paying on time and more than the minimum payment, in most cases, lenders will be willing to reduce charge card account annual percentage rates with a simple phone call. Here are the steps to get it done:

Step 1: Get prepared – The first thing that consumers should do when negotiating charge card account annual percentage rates is get prepared. As with anything else, when it comes to successful negotiations, preparation is key! Therefore, consumers should create a list of their charge cards. Highest interest rate to lowest annual percentage rate should be the order. It is important that Americans include the balances, interest rates, account numbers and customer service phone numbers for their charge cards in this list.

Step 2: Make the first call – The next thing that consumers should do when negotiating credit card annual percentage rates is call the lender that has the highest APR. When the Americans get to a live representative, they should say “Hi, I was going over my charge card account accounts today and noticed that you carry my highest APR. I like the bank and the card but, with so many balance transfer offers out there, I am weighing my options. Is there anything that you can do to reduce my interest rate today?”. At this point, the representatives will place Americans on hold as they look at the account. If Americans are transferred to another department, they should repeat the above statement.

When the representative comes back, they will give people an answer. Either yes or no! If the answer is no. Don’t worry, all hope is not lost. Simply make good on your ultimatum. You told them you were unhappy with your annual percentage rate and there were balance transfers out there! Well, go take advantage of one or two because they are really there and they really help people!

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