getting my intrest rates lowerd on credit cards

you should have gotten letters from the banks at least 45 days in advance of the effective rate increase date, and have a chance to OPT OUT of the rate increase. although they will close your account. if you did not call to opt out before the date stated on the letter, about the only way they will reduce it is if you call and tell them you are under HARDSHIP, and need to get lower interest and payment. they will ask your hardship, but they usually have no way to verify if you are telling the truth or not. i wouldnt say my hours were cut or pay cut or lay off unless it is true.. you never know if they might ask for some proof.

I had the same thing happen to my cards. They raised the rates and it put me in a financial bind with the pay cuts I had to take last year. ALL of them absolutely refused to lower the interest rates so I stopped paying them and then settled for between 35% and 50% of the balances. It was so stupid on their part because if they had lowered the interest rates I probably would have ended up paying them off in full. Their loss and I'm done with all of them now except one.