Established Member
Posts: 18
Registered: ‎06-08-2007

Credit card interest rates

My credit scores are in the high 600's to low 700's. I had high utilization of credit cards (a lot of credit card debt) and my credit card companies have increased my interest rates. I am paying over 18% on most of them. In the past month I have paid off most of my credit card debt. Credit reports of course have not been updated and so far I have been turned down for lower interest rates. I am hoping once the credit reports are updated, I can get lower rates. What interest rate is everyone else paying???
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007

Re: Credit card interest rates

Turned down by who? Your exisiting CCCs, or are you being declined for new cards?
Moderator Emeritus
Posts: 9,252
Registered: ‎03-19-2007

Re: Credit card interest rates

even with your good scores- we have seen APR's go into the 30's
Get your UTL down and updated to your reports  before you do anything.
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