Solicit a Cheap Mortgage or Cheap Credit Card

November 8, 2008 – 2:13 pm | by mayin

If you are carrying a burden of debt as a mortgage or credit card or both, probably paying more for the interest of its director. This is just the way credit works. There is a way you can reorganize their finances to ensure that you get a mortgage or credit card that is actually cheaper. Ask for a lower rate.

It is true that a simple phone call can save you thousands of dollars in interest costs. If you do not make the call, the credit card and mortgage lenders have no motivation to lower your interest rate. In the case of cheap finance, the squeaky wheel get the grease. In 2002 a national survey of U.S. Public Interest Research Group fifty customers with varied backgrounds called credit card and mortgage companies and requested lower rates.

In this study, more than half scored lower rates – a whopping 56%. Rates were seen falling from an average of 16% to 10.47. Customers are very impressed reported that their credit card and mortgage rates sliced by a third by a simple phone call. Just with the flow – it does not hurt to ask philosophy. If you do not ask, definitely do not understand. If you do ask, you just never know what could happen.

So why do not more people do this? It’s simple, simply does not occur to us. We are given a fee, which we signed with him, and we assume that it is immovable. However, the costs credit card companies and mortgage lenders hundreds of dollars on advertising and marketing to acquire a new customer.

Today, in line with suppliers that offer the same service, competition is tough and if you’re a good customer, the lender will work hard to maintain it. In addition, lenders can afford to cut a break, and will do so if they want your business. And this is precisely the approach that you need to take when you make that call. “Hi, this is so and so requests. In the mail today I received about 4 different offers to lower my rate mortgage interest rate or Visa. I am interested in getting a lower rate.

What can you do for me that I should not have to change to another company? ”

You do not need to be aggressive or confrontational. You only have to ask, and always remember that you can catch more flies with honey than with vinegar. And follow the adage, if at first, they do not succeed, try and try again. You can get someone more cooperative on the phone the next time. You may be redirected to the “threat to customers switch” department. You never know what will happen until you try.

If you are struggling with high interest rates, you have the power to at least try to do something about it. You have nothing to lose and more money in your pocket to win.

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  1. One Response to “Solicit a Cheap Mortgage or Cheap Credit Card”

  2. By SchofieldMedia on Sep 20, 2009 | Reply

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