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

Ken and Daria DolanKen and Daria Dolan RSS Feed
Oct 9th 2009 at 10:00AM
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Filed under: Debt, The Dolans, Video, Credit cards

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.

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