I want to lower my credit card interest rates right now - desperate for help

I want to know how to lower credit card interest rates right now. Does anyone have any credit card interest reduction strategies that actually work. I have 4 credit cards and I'm paying over 400 dollars just to cover the minimum payments. The rates on these cards are very high because I don't have a very good credit score. Can someone give me a strategy or idea to help pay off this debt. Does anyone know of any credit card debt programs that can help me? Thanks in advance and eagerly awaiting a response.

Knowing how to get credit card interest lower can save you a lot of money. First thing you should consider is switching the debt to zero percent credit cards and then doing a balance transfer. The world is awash with money at cheap rates so its time to take advantage. Apply for a few zero percent credit cards and see what happens. If you have a decent credit score you might be eligible especially if you mention you want to transfer your debt from another credit card.

You could also try a debt consolidation loan. You can transfer all your debt to one loan at an affordable interest rate. Your monthly payments should be lower and you will be given a payment plan so you have a realistic end in sight which means you can relax.

If you can no longer afford the minimum payments you need to call your creditors to let them know you're having financial difficulties. Fill out a income and expenses form and then show them how your minimum monthly payment exceeds your disposable income. Armed with this information the credit card company should stop all interest and charges for 6 months. This stop of interest may result in your credit file showing a partial payment which might effect further credit application.

Every credit card company has a credit card hardship program, these are also known as credit card debt programs. All credit card companies know that a certain number of credit card holders will default therefore they have a contingency plan to manage these customers. These programs offer to reduce your interest rates all the way to zero, they also accept lower monthly payments. Sometimes you can even negotiate a lump sum payment to clear the entire debt by paying 50 to 70% of the outstanding value.

Call all your credit card companies and let them know you're having financial difficulties and then ask for the following

1. Lower interest rates
2. Stop interest and charges
3. Lower monthly payments
4. Settlement figure (say you can borrow money from family and then pay them back)