What does it take to ask your lenders?
Sue B asked:
What does it take to ask your lenders to please lower your interest rate on a car loan?? I’ve made constant payments 1 year so far and would like to get out from their 16% rate they nailed on me.
What does it take to ask your lenders to please lower your interest rate on a car loan?? I’ve made constant payments 1 year so far and would like to get out from their 16% rate they nailed on me.
All it takes is your willingness to call and ask. However, if you have good credit overall in addition to your on time payments, they’ll be more likely to consider your request. But it never hurts to just ask. If they say no, be sure to ask why so that you can correct whatever they say is lacking and try again in 3 or 6 months.