How can I know about the prime rate on the credit card?
Fri, 07/26/2013 17:17
had a discussion with a credit counselor in Placerville in California. I wanted to know about the ways to cut down the interest rate. The credit counselor asked me about the prime rate. I have no idea about the prime rate on my card. In fact, I don't know what it is. Can you please explain.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.