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@Anonymous wrote:
@Anonymous wrote:
@kdm31091 wrote:After 6 months, or whenever 0% promos expire. Discover and Amex are typically very good with lowering APRs. The rest YMMV
What is YMMV???
Your Mileage May Vary.
Think of it as...You win some, You lose some.
Far from ignorant but uh... I'm not following.
@Anonymous wrote:
@score_building wrote:It's a start, but unless there's been some notable overall profile improvements, 6 months isn't much time for a lender to re-evaluate the APR. Yes, also don't bother with an APRD request if account is currently still in a promo period, wait until promo expiry.
Something like 'Hi, good morning/evening, can you please check to see if my account is eligible for a lower APR' and you're done.
It'll either be a yes or no-not really a negotiation. Rinse and repeat with profile imporovements in several months if it's a no go.
Promo period before negotiation 110% understood... APRD?
= Annual Percentage Rate Decrease (Request)
However, AND I STRONG RECCOMEND THIS, THERE IS ALWWWWWWWAYS NEGOTIATION... WHEN LIFE SHUTS THE DOOR YOU COME IN THROUGHTHE WINDOW. Rinse and Repeat I 110% understand.
Sure many things are, though good luck negotiating rent after signing a lease with a management company for e.g. An APRD request with a ccc is not a negotiation and should not be dealt with as such when speaking with reps, unless you want to appear to be barking up the wrong tree. Either a card holder qualifies or not at a certain point in time, and that's it. An APRD request can serve as a precautionary measure to ensure one has the best rates currently eligible for. However, balances accruing interest at a regular purchase rate should be avoided, at all costs. '..know when to hold 'em, know when to fold 'em, know when to walk away, and know when to run!'
@Anonymous wrote:
Someone's been playing poker with Kenny Rogers, I see.
HAHAHAHA True story, well while listening to his music
@Anonymous wrote:My question is when do we pick-up the phone and call into our creditor's to negotiate a lower APR ,aas well as what do we need to say in order to get the absolute most out of the call possible?
As with everything else credit related the decision is based on your credit. When depends on when your credit qualifies for a lower APR according to the creditor's critieria. There's no fixed universal timeframe. All you need to say is that you want a lower APR. Either you qualify or you don't. There isn't a magic phrase that will automatically grant you a reduction in every possible situation.
@Anonymous wrote:What is YMMV???
Don't overlook the stickies. This thread is linked in the Helpful Threads sticky in this subforum.
http://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/m-p/88458
@Anonymous wrote:Your Mileage May Vary.
Think of it as...You win some, You lose some.
It's more a matter of "your results may not be the same as the next person's". In this context everyone's credit isn't identical. Creditors don't all have identical policies or criteria.
@score_building wrote:
@Anonymous wrote:
@score_building wrote:It's a start, but unless there's been some notable overall profile improvements, 6 months isn't much time for a lender to re-evaluate the APR. Yes, also don't bother with an APRD request if account is currently still in a promo period, wait until promo expiry.
Something like 'Hi, good morning/evening, can you please check to see if my account is eligible for a lower APR' and you're done.
It'll either be a yes or no-not really a negotiation. Rinse and repeat with profile imporovements in several months if it's a no go.
Promo period before negotiation 110% understood... APRD?
= Annual Percentage Rate Decrease (Request)
However, AND I STRONG RECCOMEND THIS, THERE IS ALWWWWWWWAYS NEGOTIATION... WHEN LIFE SHUTS THE DOOR YOU COME IN THROUGHTHE WINDOW. Rinse and Repeat I 110% understand.
Sure many things are, though good luck negotiating rent after signing a lease with a management company for e.g. An APRD request with a ccc is not a negotiation and should not be dealt with as such when speaking with reps, unless you want to appear to be barking up the wrong tree. Either a card holder qualifies or not at a certain point in time, and that's it. An APRD request can serve as a precautionary measure to ensure one has the best rates currently eligible for. However, balances accruing interest at a regular purchase rate should be avoided, at all costs. '..know when to hold 'em, know when to fold 'em, know when to walk away, and know when to run!'
I see what you did there score... Haha. Nice!