Get a lower credit card rate
Filed under: Credit Cards, Credit Reports, Credit Score, Save Money
Do you NEED a lower credit rate? You most likely will not get it if you do. If you don’t need it, have a credit score 700 or above, than you can most likely get a lower credit rate. If your 
credit is bad, you’re late on your payments or you have cards that sit at the max, your lenders are most likely more worried that you are going default than go to a competitor. That will definately make it harder to get a lower rate.
Banks like secure profits. They like security. If you have earned a good credit score through paying all debts on time, then you are secure. Banks want you as a customer because you mean secure and safe investments on their part. Due to this you can ask for a better rate and most likely get it.
“If your credit score is 700 or greater range and you have an interest rate for purchases above 12% on your current card, you definitely need to call and find out why your rate isn’t lower” said credit score and finance expert Jake Rinard from MoreMerchant.com.
Here is something that tells you approximately what banks see when they see your credit score.
We recommend not closing your credit card everytime you see a lower rate. Negotiate and get the best deal possible. By closing accounts and having your credit score checked by other banks will dramatically lower your credit score. So stay loyal, but don’t let your loyalty cost you thousands of dollars.
Credit Card Offers for Bad Credit to improve your credit score!
Credit Score Risks
At More Merchant we often talk about Credit Scores and risk. Here is a credit score list that shows approximately the various categories of credit score risk.
Credit Score Risk Categories:
| Low Risk | 726-830 |
| Medium - Low Risk | 700-725 |
| Medium Risk | 626-699 |
| Medium - High Risk | 551-625 |
| High Risk | 330-550 |
Basicaly these are the scores that loan officers look at for quick check on how risky you are. Knowing this can save you money. Car salesman often use this number to tell you that you are higher risk and thus need a higher interest rate. Don’t fall for the trap. No your score. Go in armed with what your credit score really means. Anything above 700 is an almost automatic approval for a car loan and most other loans. this of course depends on your debt and income, but 700 is good. 650 and above is easy to get approved at any car dealer.
So know this when you go in and you can save thousands of money on your next car.
[tags]credit score, save money, car dealerships, buy a car[/tags]
Thanks to our More Merchant Sponsors
Today we received our newest sponsor of More Merchant. The newest advertiser here on a site dedicated to helping our readers improve their credit and finances is Prepaid Visa Cards.
We want to take the time to thank all of our sponsors that make this valuable resource available to all our readers.
Here are our Sponsors:
Holiday Shopping Tips - Christmas Time and Money Savers
Did you know that online shopping can save you money? Of course you did. Do you know 
why? How about some tips for online Christmas shopping from More Merchant.
1. When shoppers shop online they are more likely they are less likely to impulse shop and take more time shopping around which of course saves money.
2. People should avoid paying for shipping unless they can only find the item at a site that charges shipping. If take some time and shop around, you can almost always avoid shipping costs. If shipping is nominal (ex. Overstock.com flat $2.95 shipping and Amazon.com offers free shipping when the purchase is over $25it’s still cheaper than gas and time.
3. If you have time you can wait for an online sale. Go to your favorite online stores and sign up for email announcements of sales and specials. Sure, you have to delete this advertising email, but it will also tell you when to get 20 to 50 percent off. Another good idea is to sign up for a free email address so that your normal email box is not filled with advertisements.
4. Shopping online removes the travel time to and from various stores, which is a huge time saver. It’s also convenient because you can shop 24/7. Online shopping saves time and fuel costs.
5. Online shoppers can also go through FatWallet.com to get cash back on every purchase. The variety of stores available through FatWallet is quite large. Fat Wallet also helps you know of up coming sales.
Everyone is looking to save money at Christmas while getting people what they want and need. You can save yourself time and hard earned money by taking the advice from MoreMerchant.com and shopping online.
[tags]Christmas shopping, gifts[/tags]
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