In your efforts to dig your way out of credit card debt and enjoy your life in Michigan, you may focus more on your actual debt and less on the credit card interest that adds to that debt. Now is the perfect time to change that.

See what U.S. News & World Report has to say about lowering your interest rate. It is always best to approach debt reduction from all angles.

Ensure you are a model customer

If you have a history of late payments and a low credit score, your card issuer may laugh when you ask for a reduced interest rate. Take steps to improve your standing with your credit card company before asking for a lower interest rate. Credit card companies want to do what they can to keep good customers around.

Offer solid evidence

Sit down and familiarize yourself with your current credit card balance and interest rate. Could you get a lower rate by switching credit card providers? Have you been a customer long enough to justify having a lower interest rate? Give your company evidence as to why you deserve a lower rate.

Give your company a call

Rather than an email or instant message, pick up the phone and talk to an actual human being about your interest rate. Focus more on a lower interest rate rather than reducing your balance. Even landing a temporary promotional rate could give you some breathing room if that is the best the representative can do. Some careful and strategic negotiation, and more than a little persistence, could pay off.

This information is only intended to educate and should not be interpreted as legal advice.