Financial Literacy Month – Tip #18

Yesterday’s tip was to highlight the interest rate on all credit card / loan payment statements. Grab the stack of statements, call each credit card company and negotiate a lower interest rate. If an account is in good standing, creditors will often lower the rate to maintain the relationship.

A lower interest rate can reduce the payment, improve monthly cash flow and save you thousands in interest. Keep your statements handy, more to follow tomorrow!

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