Could simply asking questions save someone thousands? According to a report from LendingTree, 76% of people received a lower credit card interest rate by asking for one. The price or rate of something may not always be set in stone and can be negotiated with card companies.
LendingTree Chief Credit Analyst Matt Schulz joins Wealth! to give insight into how consumers can ask the right questions to help save them money and build wealth.
Schulz provides an example of where consumers can protect themselves and save money: “As we’re going into people thinking about summer travel season, as it relates to airfares, where if your flight gets canceled, oftentimes if you have that happen, the airline will come to you and say, ‘Well, we’ll give you a voucher, we’ll give you a flight credit, we’ll give you miles back.’ But in most cases, if the flight is canceled, then the law is on your side, and you don’t have to settle for that first offer. You can tell them, ‘No, I want that refund. I want my money refunded in full for that flight,’ and they have to do that.”
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Editor’s note: This article was written by Nicholas Jacobino
