Okay, I've had the two marks on my report deleted (they were both 30 days late, one from three years ago, one from five years ago). One was deleted with a Goodwill letter, the other, I disputed on-line as never late and just got the result back today, it's gone! YAY!!! Now, the hard part. I made a horrible judgement call and allowed my ex to put tools he needed from work on my cc. Dumb, dumb, dumb. Been contemplating taking him to small claims (though the tools were much more than the $5,000) but that's a different subject. I now have high utilization on my cards, which have caused my rates to get jacked up. Seems like I'm getting nowhere on this road to recovery. What has your experience been getting rates lowered? Here's what I have (warning...long!) Chase 24.99% MBNA 24.98% Lowes 21% Sears 21.4% Discover 19.99% WellsFargo 12.6% Citi 0% till next month then 9.74%. I have other retail cards but have little to no balances on them so am not including. I believe the Chase, MBNA to be high and possiblity of having the rates lowered. Please share your experience. It's a sigh of relief to have a clean report, but a clean report will not do me any good with this utilization, which with these rates, I'll never get down. Chasing my tail here... EQ FICO 5/27/03 = 657 EQ FACO 6/9/03 = 660
I have called a few places and acted like I wanted to close the cards. Then they offer to lower the rates for me to stay. I do it about once a year.
BE PREPARED TO LET THEM CLOSE IT... "I was 'THINKING' about closing this account because it has a credit limit that is too low...and an interest rate that is too high" OK IT'S CLOSED...BYE...DIAL TONE
Yep, thats exactly what happened to me when I threatened to close my Cap. 1 account hoping for a 8.9 APR CSR: "OKAY, I'll go ahead and close the account for you, anything else I can help you with?. ME: "NO" CSR: "OKAY, BYE *CLICK*
