Will bofa lower my APR after I was laid off?

You would probably be better off if you acted like you were going to transfer your balance to another card if you can't get a better rate. In this economy everything is negotiable. BOA is no exception.Persistance pays off!

oh, ok. Makes sense. Thanks.

I agree with the previous advice to play the game of taking your biz elsewhere. They wouldn't lower our rate in 2007 until we'd been paying on time for 6 months, they said. Then after 6 months they said they still wouldn't. Not very nice folks so I doubt that your lay-off makes any difference to them.

They are under very close scrutiny by the new admin. That may cause them to be more flexible. I have heard if you get a no keep trying and you could get a yes from someone else.

ok,thanks. I asked about getting my APR lowered a few months back, and they also told me that I would need six months of on-time payments in order to be eligible for an APR reduction. I'm about to hit that mark anyway. So, hopefully they will.

If you have a 29% interest rate, there is a reason for it. The payments on the account were either late, or you have a low credit score. If you call and say lower my interest rate or I will transfer my $950 balance, the bank will not care. Call and say you are having financial stress and can't make the payments because the interest is too high. Your call will be transferred to "financial stress," and they should be able to help you out in some way.

ok, I'll do that. thanks for the help.

(yeah,I was late a few times, and went over my limit)