Two Interest Rate Reductions This Week
I had two credit card companies lower my interest rate by 1% this last week. No explanation, just a lowered interest rate. I think they want their balances paid off faster. Has anyone else seen this?
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November 15th, 2008 at 1:53 pm
We have no more credit cards, so I can’t help you there. But the one I manage for my MIL went UP!
November 17th, 2008 at 2:34 pm
My consolidation loan (unsecured debt, just like a CC, but a little more structured) has gone down from around 7.5% to 5.9% in the last six months or so. I had assumed it was because of Fed Rate cuts trickling down.