Debt consolidation
Date: Thu, 08/06/2009 - 08:23
Are you able to lower rates with American Express? Does this hurt your credit?
What is the status of the account? If the account is current and
What is the status of the account? If the account is current and AMEX agrees to lower the rate, it would not affect the credit score. But if the account is delinquent then it may be already appearing on your report.
If you can keep the account from going past 30 days, then there
If you can keep the account from going past 30 days, then there should be no adverse effect. However, they may not be willing to lower the interest rate at this time. My experience has been that banks will not loer the rates until you are at least 60 days past due. It seemed like you had to show them that you were serious about not being able to pay before they would try to help. In my case, it was too late by then, and they would not all work with me.
