How Do You Pay Down Credit Card Debt Without Changing The Agreement?
Before the economic crises it was popular to call credit card companies for lower interest rates to help pay down credit card debt. But, to have a good credit score it has always been important to not change the agreement. Calling credit card companies to change the agreement and get a lower interest rate may mean to credit companies that you are a high risk. Even though credit scores may not be the best when in deep credit card debt, trying to change the agreement may be just another issue that could bring down your credit score. Now that credit card companies are becoming more strict to keep afloat and deal with new government policies, it is important to pay down debt without changing the agreement. It is possible and good for your credit score to pay down credit card debt without changing your agreement. Collect all this month’s credit card statements. Write or enter into a spread sheet each credit cards’ balance, finance charges, any other charges, available credit, minimum amount
