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Credit cards are great financial tools that is, when you pay the balance in full every month.
On the other hand, when used improperly,they can create enormous debt for individuals.
We all have credit cards and we all hate them.
Sethi suggested you call and just ask your credit company if they can lower your APR.
you might also say that youre considering switching to a competitor.
Sometimes theyll tell you they wont do it.
Youll never know without asking, he added.
Sethi said he has reminders in his calendar to call his credit card companies and renegotiate.
The principle is this: Start with a quick win, something thats small and easily achievable.
Then, use that momentum to build toward big, systematic wins.
Ones thatll last you a long, long time, he added.
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