Is request for lower interest rate a negative on score?
(St. Louis, MO)
I have a friend who has about 80k in credit card debt. He has a FICO score of 650, but he needs to lower the rate on several of his cards. Would there be a negative impact to his score as a result of requesting a lower rate from the card companies, or maybe request a payment plan? What other unwelcome implications would there be as a result of this request?