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Lower Your Percentage rates, info on Inquiries....just the tip of the icebu...Jul 29 '01 Write an essay on this topic.The Bottom Line You CAN lower your interest rates, You CAN get those illegal inquiries taken off and you CAN 'freeze' your impulse shopping NOW!! It was just the other day when I finally had the time to view my 3 credit reports that I had gotten back. I had reviewed them with a fine tooth comb and realized I had a total of 32...THIRTY TWO mistakes!!!!!. Two of the bills weren't even mine and one of them I had paid in FULL!! With those corrections made I was ready to review to see just exactly where I was. That's when I noticed it. The last page of my Trans Union report listed nearly 30 INQUIRIES!!. When I did some checking I realized either I agreed to let an issuer pull up my credit (as in applying for Citibank MasterCard) OR some agencies just decided to PEEK i guess...so they did in August of 99. And again in September. And again in October. And again in January of 2000...and on and on and on. I had multiple inquiries dating only a few months back for transactions that originally took place MONTHS if not YEARS ago..and from the same company!! Citibank docked 7 inquiries up until just this year!! I am currently fixing this but I thought I'd clue you in!! Next. It started with a seed..planted from a millionaire friend of mine. " I just call the credit card companies, tell them I want to close the account and when they ask why I just say that I have a better offer with a lower interest rate....". At first I blew him off thinking of COURSE they are trampling over each other to keep him. It won't happen with ME!!. That was about 2 years ago. It was also before I got so sick of the high interest I was paying I decided to try it. I did just what he said. Exactly. Why reinvent the wheel right? I called Nexcard and my interest went from 21.99% to 9.99% with NO ANNUAL FEE!!. I called Providian and my interest rate went from 23.99% to 19.99% WITH NO ANNUAL FEE...not to mention they REIMBURSED us the annual fee they had just taken out AND told us in 6 mnths we could qualify for ANOTHER reduction!! I called the second Providian card we owned and had it reduced from 23.99% to 16.99% no annual fee again. By this time my husband was jumping up and down and giving me the thumbs up sign with a huge grin on his face. I was so confident that by the time I called JC Penny I ASSUMED it would go as smoothly. The next thing I heard was (after having an account with them for nearly 3 years and excellent payment history, " Well, Maam? If you would look at the contract YOU agreed to you'll see...". "Nevermind I said, I know what I signed. Cancel me." She sputtered and choked and started kissing my behind but I stood my ground. One down. Capital One was just about as agreeable as JcPenny. After nearly 10 years of only 3 late payments over 30 days and they were willing to offer nothing. Wow. I closed those accounts and cut them up before I changed my mind. Hubby and I saved a total of 23% total and closed a few accounts while we were at it. Our goal is to buy a home in three years so I figured if it worked for us, it will work for you!! One more note?? We've decided to take our credit cards and freeze them...literally. We have put them in tupperware containers full of water and placed them in the freezer so we aren't tempted on impulse. This way we have to let them DE-THAW before we charge...and we can THINK about how much we NEED what it is were wanting!! Lee  |
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