can you lower an APR on a card that you have closed the description on? i was told by a customer rep that doesn`t matter what the APR was when the tale was closed is what it will be until it's rewarded in full. But I don't believe that I estimate they'll do whatever they can to take as much money from me as possible.
Answers: By closing the account you enjoy given your creditor no incentive to lower the APR.
If a Credit Card company changes an APR they must inform you surrounded by writing. I would say unless it is fixed interest which is unlikely on a credit card they would be capable of change it. I would suggest if you are concerned to switch it onto another card nearby are loads of cards offering balance verbs switches at 0% for a specified time if your credit rating it good swap it over and clear it off as hurriedly as possible then rescind the card after the introduction offer finishes you will rescue yourself alot in interest this road. The creditor can't raise your rate or fine-tuning the account rules. They can lower it if you're contained by financial trouble and they don't think you can wages the full amount. This counts as a settlement and not paying as agreed in the contract and will trash your credit.
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Answers: By closing the account you enjoy given your creditor no incentive to lower the APR.
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If a Credit Card company changes an APR they must inform you surrounded by writing. I would say unless it is fixed interest which is unlikely on a credit card they would be capable of change it. I would suggest if you are concerned to switch it onto another card nearby are loads of cards offering balance verbs switches at 0% for a specified time if your credit rating it good swap it over and clear it off as hurriedly as possible then rescind the card after the introduction offer finishes you will rescue yourself alot in interest this road. The creditor can't raise your rate or fine-tuning the account rules. They can lower it if you're contained by financial trouble and they don't think you can wages the full amount. This counts as a settlement and not paying as agreed in the contract and will trash your credit.
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