Talk Your Way Out of Credit Card Debt!: Phone Calls to ... (ISBN 0964840154)

Negotiation of credit cards:
I purchased this book several years ago, and have been using the "system" ever since first opening it. The comment that this book teaches you to lie is not true. That particular person said that no banks were sending out credit offers now a days because everyone was over extended. While you may not get very many 0% offers, you will still get offers for lower rates then you already have. Take advantage of those. A reduction of 3 to 4 percentage points will make a difference in the time it takes to pay off your debt. Thanks to Scott and his teachings I have taken my debt load WAY down and am my highest interest rate is currently at 2.99% with a majority of it at 0%. Scott's website provides valuable information, and tips for keeping more of your money in your pocket.

When Credit Card Companies Compete for Your Business - You Win!:
If you are carrying balances at a high APR rate and your credit card company refuses to lower the rate, then take action and "spank their bottom lines" (page 222). Find a better credit card offer, transfer the balance, and wait a few months for a low-interest rate offer from the same bank to appear in your mailbox. This strategy worked for me and saved me a considerable sum in monthly interest payments. This was the first strategy I employed after my first night reading Scott's book. The interest I saved paid for my investment in Scott's books many times over. Let me tell you how I applied Scott's strategy to win an incredible promotional offer from the very same credit card company that refused to lower the APR on my account balance. When I called the credit card company they flatly refused to lower the 26.99% APR. I told the representative that I would find a better rate and transfer the entire balance to their competitor, at which point they would lose the cash flow from my monthly interest payments. The representative still refused as did the supervisor that I spoke with soon after, in spite of agreeing that they would be better off with some monthly interest payment rather than none at all. I did find a better offer soon after. I transferred the entire balance to a competitor, and then maintained a $0 balance on the account, as Scott advised. Several months passed. I then received a mail offer from the same high-APR credit card company. As I read the terms of the offer, I realized that the same company that could not lower my rate was now offering me a balance transfer deal of up to $4000 at a promotional rate of 3.99% APR Fixed until the balance is paid off (page 233). Where can you get a $4000 loan @ 3.99% interest fixed, with an unlimited amount of time to pay off the balance? As Scott suggested, credit card companies do take notice when you do take action and transfer balances to a competitor. I used half the available credit line ($2000) to "fire a shot over the bow" of another stubborn credit card company that I had warned previously about their absurd APR rates. The remaining $2000 balance @ 3.99% percent fixed rate to financed a much-needed home repair. Needless to say, Scott's strategies are now a part of my own financial management strategy respective of managing debt and improving cash flow. I continue to reduce my debt and reinvest money that I would have otherwise been paid to credit card companies. I have only scratched the surface respective of all of the strategies that Scott provides in his book and via his website. I highly recommend "Talk Your Way Out of Credit Card Debt" to consumers who carry a balance on their credit cards. It is an excellent guide for those of us that want to learn how to better negotiate with credit card providers to reduce interest rates and uncover the best offers available. If you want to save thousands of dollars over the life of your credit card loans, then this book is a must read for you.

Talk Your Way Out if Credit Card Debt:
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.

A great read for debt problems!:
Scott writes in a straightforward, common sense style that includes many good tips and advice on how to regain control over out-of-control credit card debt. The best thing he always points out is be willing, in fact, enthused about talking to your credit card people. They are there to help. They are there to help YOU find a way to reign things in and get it back to a manageable amount. Don't be afraid. Be open, ask questions, show your willingness to admit the problem exists and that you are honest, hardworking, and ready to make a good effort to get any problems taken care of as soon as you can. You can get a lot of interest reduced, and some fees waived if you are willing to talk about your problem and show good faith toward resolving it.

Title is a little misleading:
It's a good book but I think it should be called talk you way out of credit card fees. It did save me $48 on the annual fee on my credit card. I just had to ask and then politley threaten to close the account when they refused. They quickly agreen to refund the annual fee so it was worth the money just for that reason.