grovecardservices/ By reducing your interest rates, you do not damage or negatively impact your credit rating in any way, shape, or form. All of your credit cards remain open and you continue to make payments to your lenders. The major difference is that by reducing your interest rates, more of your monthly payment is applied toward your principal balance. Therefore, you will be paying the account or accounts down faster. Although your accounts are still active, it is not recommended that you use them except in emergency situations.
Posted on: Tue, 13 Aug 2013 22:37:33 +0000
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