bobkelly wrote:
Certainlly doesn't hurt to demand credit card companies to lower your rates. It can be part of a tactic to lower or perhaps eliminate your debts one day. Still, for most borrowers, time can be a bigger obstacle in overcoming debt. If it's paid in full, it won't matter what your interest rate was.
For that matter, your FICO score won't matter much if you're not planning on getting in the lifelong debt trap.
I am not in debt (apart from mortgage), but my scores are still important to me. A cheap auto loan is CHEAPER than paying in cash if I put the cash in my IRA instead. With a high score I actually spend less money that way
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
