Reply
Established Member
Posts: 18
Registered: ‎06-08-2007
0

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
0

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
0

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.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.