Ask the Dolans: Will credit card counseling lower my interest rate?

Ken and Daria Dolan, America's first family of personal finance, answer your questions every Friday. Click here to ask Ken and Daria your question.

Dear Ken and Daria,

If you use a debt counselor, and agree not to charge anything else to your card, is it true that the bank is required to lower your interest rate?

--Freeman

To learn about debt management strategies that really work, visit Dolans.com.


Increase your money and finance knowledge from home

Understanding Credit Scores

Credit scores matter -- learn how to improve your score.

View Course »

Managing your Portfolio

Keeping your portfolio and financial life fit!

View Course »

Add a Comment

*0 / 3000 Character Maximum