Summary

NAT VERSION OF "BOTTOM LINE CREDIT" PAK

Source CONUS Archive
Record ID 215638
Story Slug Bottom Line Credit
Location Charlotte, NC
Format nat
Date 10/16/2001
Archive Time 17:11
TRT 1:06
Supers Charlotte, North Carolina Walter C. Martin, A.G. Edwards
Video Description CREDIT CARD SWIPING; CUSTOMERS MAKING CREDIT CARD PURCHASES; CREDIT CARDS AND BILLS; SOT ON INTEREST RATES; RECEIPTS PRINTING; TYPING ON KEYBOARD; BANK WEB SITES; CREDIT CARD APPLICATIONS ON LINE; BANK EXTERIORS; STANDUP;
Description NAT VERSION OF "BOTTOM LINE CREDIT" PAK
Script LEAD: IF YOUR CREDIT CARD INTEREST RATE IS IN THE DOUBLE DIGITS.. YOU'RE PAYING MUCH TOO MUCH. xxxxx SHOWS US HOW TO GET THAT INTEREST RATE LOWERED. (SCRIPT) IF YOU USE ONE OF THESE.. AND I KNOW YOU DO.. AND YOU'RE NOT PAYING ATTENTION TO WHAT THE PRIME RATE IS THESE DAYS.. CHANCES ARE REAL GOOD YOUR CREDIT CARD COMPANY IS MAKING A FORTUNE OFF YOU. (SOT MARTIN:If you don't get a card that's tied in with prime these companies will not, they will not lower your rates. They will leave them up there and take advantage of you.) YOU MAY HAVE TO PAY A SMALL ANNUAL FEE, BUT THESE DAYS IT'S WORTH IT. AND, YES.. WE'RE TALKING ABOUT A CREDIT CARD INTEREST RATE OF 5-1/2%.. EVEN WITHOUT AN ANNUAL FEE YOU SHOULD NOT BE PAYING MORE THAN 8 - 9%. AS FOR THAT SO-CALLED FLOOR..WHERE THE COMPANY MAY TELL YOU THEIR INTEREST CAN'T GO ANY LOWER? NOT IN THIS ECONOMY. (SOT MARTIN: Ah, I don't think the floor is anything to be concerned about.) SO.. WHAT TO DO? SHOP AROUND. GET ON THE INTERNET.. CALL THE BANKS.. SEE WHAT THEY'RE OFFERING. TELL THEM YOU WANT TO TIE YOUR INTEREST WITH THE PRIME RATE. YEA.. IT MAY GO UP.. BUT THEN SO WILL ALL THE INTEREST RATES ANYWAY. ******(STANDUP: SO.. YOU CALL THE BANK.. YOU TELL THEM HEY, I ALWAYS PAY MY BILLS.. LET'S TAKE ANOTHER LOOK AT THIS. AND THEIR REACTION IS.. ) (SOT MARTIN:If they don't give you a better deal you move.) ((ON CAM TAG)) AGAIN.. IF YOU WANT A LOWER INTEREST RATE.. YOU'RE THE ONE WHO'S GOING TO HAVE TO GO OUT AND GET IT. RECAP
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