I thought Credit Slips readers might be interested to hear that PIRG has come up with a telephone script to help consumers negotiate rate adjustments (i.e., lowerings) on their personal credit cards. Some lenders interviewed for a newspaper article said, sure they lower rates sometimes, but they were (understandably) coy about giving specifics on quantities.
Comments
2 responses to “PIRG to the People!”
CAn you give a specific link on the script to which you refer?
Basically, the script is simple: “Hi, I just looked at my statement — compared to the offers I am getting — my interest rate seems way too high…What can you do for me (optional add-ons) I am a good/longime customer…Thinking of taking up one of these offers…”
You can find our report Deflate Your Rate here http://tinyurl.com/2u2bl6 and you can find our main credit card pages here http://uspirg.org/financial-privacy-security/the-truth-about-credit Sorry for the long urls, that is why I made the tiny one.
Ed Mierzwinski
Consumer Program Director
USPIRG