Rate Reduction Plan

Your action plan, ranked by effort-to-impact:

Step 1: Call every credit card company today and ask for a rate cut. About 15 minutes per call, with a 76% success rate.

Step 2: Check if you qualify for a 0% balance transfer card. Move your highest-rate balances and pay them off before the promo expires.

Step 3: Get refinancing quotes for any loan above 6%. Compare at least three lenders.

Step 4: With 4+ debts, explore consolidation. Run the numbers so fees and longer terms don't erase the savings.

The only thing stopping most people is the assumption that rates are fixed.