Reducing APR??

mummybearx

Sorry if this is the wrong place, (its my first post here!) but Im just having a look about this forum, looking for hints and tips to reduce my debt.

So I saw a link about doing a SoA, and you need to know your APR rates. So I called Virgin, they told me my APR is 34.9% :eek:

So I asked if he could reduce that, it was much much higher than I thought it would be. And he said YES! :j

From my next statement it will be 24.9%, taking my bills down by approx £20-25 a month! I will still be paying this extra saving to my card, which means my debt will be coming down quicker! :j

Feeling rather happy now, I honestly didn't think they would change the APR!!!

jonjamie1970

zepsgal wrote: »

Sorry if this is the wrong place, (its my first post here!) but Im just having a look about this forum, looking for hints and tips to reduce my debt.

So I saw a link about doing a SoA, and you need to know your APR rates. So I called Virgin, they told me my APR is 34.9% :eek:

So I asked if he could reduce that, it was much much higher than I thought it would be. And he said YES! :j

From my next statement it will be 24.0%, taking my bills down by approx £20-25 a month! I will still be paying this extra saving to my card, which means my debt will be coming down quicker! :j

Feeling rather happy now, I honestly didn't think they would change the APR!!!

Wow thats a result, whats the catch ??

mummybearx

Honestly, I dont know! I literally asked, and he said yes. Maybe because the balance on this card was a balance transfer from a store card?

I asked him several times to confirm this, and he did.

Just on the phone to Halifax visa to see if they can do the same!

mummybearx

Ach well, Halifax said no

He did say it was possibly because I had a late payment at the start of this year (which I don't remember getting, but Im not going to argue).

He gave me a freephone number to contact them, said I can call back every month and see if they can decrease the interest. Said he could get it to 24.9% (from 29.9%)

x