If I call my creditors, can I ask to have my interest rate reduced?

Sure you can. I did it with my credit cards and they were very quick to reduce my rate when I told them I was going to cancel my card if they did not.

I would do it first explaining to them that if they reduce my interest rate I will be able to pay off my debt to them that much quicker. Paying off your debt is what business's want to hear, so I imagine all that will be necessary is if you call them. On the outside chance that they say "No", then have a debt consolidation service call them, but the service charges a fee so you debt has got to be high enough to equal what the service is charging you.

Yes you can call your creditors and ask for a rate decrease, however be prepared to explain to them why it is in their best interest to do so. For example, do you have a long term relationship with the institution and have you been a good customer? If so, they may lower your rate to keep you. Do you have a competing offer from another company that you can ask them to match or beat to keep your business? Whatever the reason, be prepared to explain why your asking for the rate descrease.

Good Luck!

ummm yes you can--but you better show that you have been a good customer and are worthy of a rate reduction. IE. no lates, no calling up to have finance charges removed ever. Just remind them that there are other companies that will do balance transfers at 0, 1, 2% -- assuming you have a balance that is worth transfering (over 1500).

Yes you can. To keep your business ,if you are a good customer, they will usually also give you a raise in your limit,

so you won't cancel.

Vague question.Incomplete information.

my friend has done it. she has also called and delayed her payments.

the worst they can say is "no"

good luck

Yes you can they will work with you......