Comments on: is there anyway to get credit card co. to reduce the debt you owe? http://howto-howto.info/credit-card-debt/is-there-anyway-to-get-credit-card-co-to-reduce-the-debt-you-owe/ How To Get Out Of Debt Sat, 04 Jun 2011 12:01:18 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Gene L http://howto-howto.info/credit-card-debt/is-there-anyway-to-get-credit-card-co-to-reduce-the-debt-you-owe/comment-page-1/#comment-2346 Gene L Tue, 10 Nov 2009 09:55:35 +0000 http://howto-howto.info/credit-card-debt/is-there-anyway-to-get-credit-card-co-to-reduce-the-debt-you-owe/#comment-2346 They won't reduce what you already owe them, you are obligated for that amount since you received goods or services using their credit card in line with the contract you agreed to when you received the card. The only thing they might possibly reduce is the percentage rate (APR) of the account....you would have to call and ask them to do this. It's not unusual for a card company to honor such a request if your account has been in good standing and you've never defaulted or missed payments. One thing I've learned, it never hurts to ask. They won’t reduce what you already owe them, you are obligated for that amount since you received goods or services using their credit card in line with the contract you agreed to when you received the card.

The only thing they might possibly reduce is the percentage rate (APR) of the account….you would have to call and ask them to do this. It’s not unusual for a card company to honor such a request if your account has been in good standing and you’ve never defaulted or missed payments.

One thing I’ve learned, it never hurts to ask.

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