Talk Your Way Out of Credit Card Debt!: Phone Calls to Banks That Saved More Than $43,000 in Interest Charges and Fees

It's true! You can call your credit card banks to negotiate a better interest rate and have fees waived! However, it may not be as easy as picking up the phone and asking. That's because bank representatives are trained to deter you from pursuing the deals you deserve. Overcoming their tactics can be difficult when you don't know what to expect.

Scott Bilker, author of Talk Your Way Out of Credit Card Debt, and creator of DebtSmart.com, has spent 10+ years making banks compete for his business. Now, he's sharing his personal phone calls to banks that saved more than $43,000 for himself, his family, and friends! These 52 phone calls, out of the hundreds he has made, demonstrate exactly what worked, what didn't, and why. In each call transcript, for anonymity, banks have been renamed as dog breeds and their reps as bugs.:)

In this book you will discover proven negotiation strategies, and build your confidence, while learning how to: (1) get annual fees waived; (2) lower your current interest rates; (3) shop for the best credit card deals; (4) get late-payment, overlimit, and cash-advance fees waived; (5) compare loan options and calculate savings; (6) dispute charges and get all your refunds; (7) negotiate account settlements; and much more!

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All Customer Reviews
Average Customer Review:
0 of 0 people found the following review helpful:

Talk Your Way Out if Credit Card Debt, 2008-06-30
The book was OK, but it did not give me the answer I was looking for. It might be great for someone else. I wanted to lower my interest rate on my credit cards and even though I tried the ideas in the book I could not get the credit card companies to lower my rates. Sorry, I was really hoping it would work.


1 of 3 people found the following review helpful:

It's About Lying to Lower Your Interest Rate, 2008-06-06
This book tells you to Lie to your Creditors to get lower interest rates by telling them that you have a lower-interest rate offer with another bank. This book is out of date with the current times. Banks are not sending credit offers to anyone right now because everyone is over extended and maxed out on their credit cards. Even if I was comfortable enough to call and then Lie to my creditors - I think they are more than aware that I don't have another offer from anyone else - and would probably be glad if I did - so that I would pay off their balance. This is not for someone who's in a real credit jam - and in these days- summer of 2008 - credit card co's are Not sending any offers to anybody. I've never missed a payment or been late - but my credit limits have been chopped across the board. There are pages and pages in this book repeating the same phone script - the only option to a lower interest rate is to lie that you've got a better offer. No other options or scripts than that.


1 of 1 people found the following review helpful:

Good Book, 2008-05-02
Following suggestions, one phone call got a 10% discount. But, since that's not good enough will transfer to competing 0 balance, still lower interest rate cards. Also, some helpful chapters at the back for dealing with disputes, calculating rates, etc.
Book is concise, straightforward and well organized. Good information for anyone with a credit card to know.


0 of 4 people found the following review helpful:

Talk Your Way Out of Credit Card Debt, 2008-01-29
My expectations were high as I have had incorrect charges and canceled downloads that Discover will dispute one month and put it back on the next
statement. This was not helpful for me. Kathy


2 of 2 people found the following review helpful:

The man has 80 credit cards!, 2007-10-22
The man has 80 credit cards! That may seem to be a crazy amount to most people, and it's one at which most financial advisers would shudder, but to do what he wants to do with the industry (save and make money), 80 credit cards--maybe more--are needed.

Scott Bilker has an interesting take on the massive credit card industry: "The banks are at our mercy!" That may seem absurd to those of us who have piled up the average debt of $8,500 or more on a Macy's or Citi Platinum card, but that's his take. He's proven it with over 400 minutes of transcripts of interactions between him or his friends and the credit card companies. There is

Bilker is also quite humorous- his New York mentality shows up in witty comments about the industry: if you're late a couple times, your APR may go up to 29.99% and you could get a better rate in North Jersey with the mafia, he says.

Bilker also touches on Credit Arbitrage, which is a way to turn a money-losing situation into a money-maker. All-in-all, this is a fascinating sociological and economics lesson that is well-recommended.

JSBM
Author, How to Take Advantage of the People Who Are Trying to Take Advantage of You: 50 Ways to Capitalize on the System

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