will discover lower my interest rate

Will discover lower my interest rate

Low interest credit cards are hot commodities, but beware of the latest scam whether you're looking for 0 interest credit cards or low interest rate credit cards.

There are two variations of this scam:

Scenario 1. Did you ever pick up a phone call and the first thing you hear is an automated message saying: “To lower your credit card rates, press 1”?

Watch the video below to see in action how this sneaky premium line works.

Scenario 2 (with video). This second variation of the scam involves unsolicited phone calls from fraudsters offering to apply for a low-interest rate credit card on a person's behalf, for a large fee. The criminal will request personal and financial information, including a person's existing credit card number.

Watch the video below to see in action the Credit Card Lower Rate scam.

Just hang up the call if it is an automated message, regardless of what it is about: lower rates, free trip, bonus loyalty points, etc. For the second variation of the scam, consumers should never pay a fee to a third party for this service. Most financial institutions offer low-interest rate credit cards and consumers can apply for these cards on their own through the financial institution directly. You can also report the scam on this page: Federal Trade Commission Report.

How to protect yourself more:

If you want to be the first to find out the most notorious scams every week, feel free to subscribe to the Scam Detector newsletter here. You'll receive periodical emails and we promise not to spam. Last but not least, use the Comments section below to expose other scammers.

Emergency Locksmith Services/ 24 Hour Locksmith Scam

Water Heater Repair Emergency Plumbing Service

Emergency Garage Door Repair Service Scam

Heating and Air Conditioning Repairs Services Scam

Bad Credit Car Loans Scam

Press 1 to be connected. As I don't have any credit cards, I pressed 1

A man with a thick Indian accent went into his speech about lowering my interest rate

On my credit card. I asked which card was that? He said my Visa card. I asked for which bank. He sighed heavily and shouted " the bank of your mother!" And he hung up. I called the number back and got a pre recorded message asking if I wanted to have my number added to their do not call list. If you get these calls, ask questions, don't just roll over and assume they are legit.

Make sure you have Identity Theft protection! --Scammers are really trying everything!

Surprise, surprise just a week later I get another call from my own phone number and because I was tired I wasn't so nice to him this time. He actually remembered me from the previous call, and laughed. I gave him a few choice ideas of where to go, and within 1 minute he called me back!! I answered, and all I heard was an Indian man, speaking limited English swearing at me calling me an "ass bitch" ect. ect.

Wow!! I just got off the phone with them again, but luckily this time they didn't decide to call me back with name calling. My advice is to just not give these people the satisfaction by engaging them, or better yet, don't answer. Please remember that no one from a reputable credit card agency will ever call you asking for personal information.

SCAMMERS Trying to get those naive people.

Then he asks how I am doing I say fine, and you? He is doing well. wonderful right lol. So then he starts saying we can lower you interest rates and so being the bright individual I am (even though I only have 1 credit card) I asked "what credit card are you calling about". He replies "oh visa, mastercard, ect. RED FLAG NUMBER 2

I said "oh you must be a third party because you would know that information if you were truly someone calling on behalf of MY BANK. He tried exclaiming "NO I AM NOT A THIRD PARTY, YADA YADA. At that point the gig was up! I had caught on to his ridiculous scam. And I told him "no im not giving you my credit card info" what was interesting is what happened next. the call turned in a swift hurry to something you would never expect to hear from one of these scammers. His very next words literally left me speechless. He goes "so do you have a pink or black p**sy" WHAT. What in the hell did this guy just say to me? I thought that clearly I heard that wrong and I said Sir did you just say what I think you said"? And he plays dumb "What did I say" and I said "I don't think I need to repeat it but did you just ask if i had a pink or black P**SY. He said "yes9quot; as if it were not the most disgusting thing I have ever heard. And I said are you serious. A few words later the convo was over. But I am still in shock as to how this went from a scam to a prank phone call in a matter of seconds. Guess I was just too smart and caught onto his crap too fast. And the only verbage to retaliate with was this non sense. In the end I had a good laugh. but this definitely concerns me for people who may not think to ask the right questions.

Question is there a company that protects all your info? What about LIFELOCK?


6 Best Banks to Refinance and Consolidate Student Loans in 2017

by Andrew Josuweit Updated March 7, 2017

Will discover lower my interest rate

Finding the right bank to refinance or consolidate your student loans is confusing.

Fortunately, we’ve highlighted the six best banks and lenders to help you refinance and consolidate both private and federal student loans, based on your financial situation. With student loan consolidation, you may be able to refinance at a lower interest rate, decrease your monthly payment, or both!

When you apply, most banks and lenders will look at your credit score, annual income, savings, and college degree type (or certificate of enrollment if still in school). If you meet these requirements, you might be an excellent candidate for student loan refinancing and consolidation! If you don’t think you meet the requirements, don’t worry – as you can apply with a cosigner to increase your chances of getting approved for a better student loan.

Disclosure: Student Loan Hero is a free website to help student loan borrowers. We only evaluate lenders and do not issue student loans. This report was not chartered by or created on behalf of any lender listed below.

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print, understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.

Will discover lower my interest rate

Will discover lower my interest rate

Will discover lower my interest rate

Will discover lower my interest rate

Will discover lower my interest rate

Will discover lower my interest rate

Will discover lower my interest rate

Will discover lower my interest rate

Will discover lower my interest rate

Will discover lower my interest rate

Will discover lower my interest rate

Will discover lower my interest rate

Will discover lower my interest rate

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print, understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.

Finding the right bank to refinance or consolidate your student loans is confusing.

Fortunately, we’ve highlighted the six best banks and lenders to help you refinance and consolidate both private and federal student loans, based on your financial situation. With student loan consolidation, you may be able to refinance at a lower interest rate, decrease your monthly payment, or both!

When you apply, most banks and lenders will look at your credit score, annual income, savings, and college degree type (or certificate of enrollment if still in school). If you meet these requirements, you might be an excellent candidate for student loan refinancing and consolidation! If you don’t think you meet the requirements, don’t worry – as you can apply with a cosigner to increase your chances of getting approved for a better student loan.

Disclosure: Student Loan Hero is a free website to help student loan borrowers. We only evaluate lenders and do not issue student loans. This report was not chartered by or created on behalf of any lender listed below.

Will discover lower my interest rate

Cut the cost of your student loan debt.

Members average savings $316/month.

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Chiara McPhee – Stanford

I was looking for the lowest rates I could find without a cosigner. SoFi was by far the best.

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Ali Kahn – Ross University

It's almost mind-boggling how much money I'll save through refinancing my student loans with SoFi - I'd literally be paying tens of thousands more with my original loans. Now that I’ve refinanced my student loans with SoFi, I see a light at the end of the tunnel. I’m able to put away a little bit more, think about long term goals, save for a house - and I know this burden isn’t going to be over my head for the rest of my life.

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Barry Malinowski Jr. – Harvard

“With SoFi, I was able to significantly lower my rate, saving me thousands of dollars over the life of the loan. Plus, now I belong to a support group of borrowers and lenders, turning debt that was once only a liability into an assets of sorts. I’m grateful that a friend told me about SoFi.”

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Taryn B. – New York

“Not only does SoFi provide low interest rates, but they have a seamless process, a tech savvy website and amazing customer service. They actually make me feel good about borrowing money from them.”

  • Refinancing and consolidation of private and federal student loans
  • Must have completed an eligible undergraduate or graduate degree program
  • Available for both undergraduate and graduate school student loans
  • 2.79 % APR to 6.72 % APR (with autopay) variable rates, capped at 8.95% to 9.95% APR
  • 3.35 % APR to 6.74 % APR (with autopay) fixed rates
  • 5, 7, 10, 15, 20 year repayment terms
  • No origination fees or prepayment penalties
  • Unemployment protection – loan payments are paused and they help find new job
  • Career support – complimentary coaching for SoFi members
  • Entrepreneur program – qualified applicants can receive loan deferrals and mentorship
  • Important Disclosures
  1. Terms and Conditions Apply: SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Finance Lender Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)
  2. Student Loan Refinance : Fixed rates from 3.35% APR to 6.74% APR (with AutoPay). Variable rates from 2.79% APR to 6.72% APR (with AutoPay). SoFi rate ranges are current as of July 1, 2017 and are subject to change without notice. Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. Lowest variable rate of 2.79% APR assumes current 1 month LIBOR rate of 1.22% plus 1.57% margin minus 0.25% ACH discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
  3. Lifetime Savings Disclaimer : ​**​Member Lifetime Savings – Average member lifetime savings calculation of $22,359 is based on all SoFi members who refinanced their student loans between 8/16/2012 and 6/30/2016. The savings calculation is derived by taking the estimated lifetime cost of existing student loans minus the lifetime cost of SoFi loans upon refinancing for SoFi members who refinanced their student loans. SoFi’s lifetime savings methodology for student loan refinancing assumes 1) members’ interest rates do not change over time (PROJECTIONS FOR VARIABLE RATES ARE STATIC AT THE TIME OF REFINANCING AND DO NOT REFLECT ACTUAL MOVEMENT OF RATES IN THE FUTURE) 2) members make all payments on time 3) members make monthly payments for the full duration of their loan 4) members take advantage of AutoPay, which enables them to lower the APR of their loan by 0.25%. SoFi’s average savings methodology for student loan refinancing excludes refinancings in which 1) members elect SoFi loans with longer maturity than their existing student loans 2) the term length of the member’s original student loan(s) is greater is than 30 years 3) the member did not provide correct or complete information regarding his or her outstanding balance, loan type, APR, or current monthly payment. SoFi excludes the above refinancings in an effort to maximize transparency on how we calculate our average lifetime savings amount and to minimize the risk of member data error skewing the average lifetime savings amount.

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See your rate in two minutes

Save over $24,046 on average

Your loan funds the education of a child in need

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Chan – Binghamton, NY

It was very easy to go through the CommonBond website and apply for the loan.

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Grace – Detroit, MI

Looking at the math and the rates, it was an easy choice for me. It's just a very personal, tailored, one on one service.

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Andrew – Grand Forks, ND

I am going to save thousands of dollars and some portion of that is going to help other people involved in education right now.

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Mariana – Lansing, MI

You know that moment when you find out about something you didn't know existed, and you think how could I ever live without this?

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Dan M – San Francisco, CA

It's a very innovative approach to student financing.

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Tom – Seekonk, MA

Their committment to financial literacy education is also very important.

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Dan S – East Hampton, CT

It's an opportunity to support an organization with a really great message about the community and people.

  • Refinancing and consolidation of private and federal student loans
  • Available for undergraduate, graduate, and Parent PLUS student loans
  • 2.79 % - 6.72 % APR variable rate refinancing (with autopay)
  • 3.35 % - 6.74 % APR fixed rate refinancing (with autopay)
  • 3.81% – 6.25% APR hybrid rate refinancing (with autopay)
  • 5, 7, 10, 15, 20 Year Repayment Terms
  • 0.25% Interest Rate Reduction with automatic payments via ACH
  • Unemployment protection – loan payments are paused and it helps eligible graduates find new jobs and also hire them for short-term consulting projects
  • Access to CommonBond Community – Borrowers are connected to events in their cities, networking opportunities, and lifestyle perks
  • Social good – for every fully funded degree through CommonBond, it funds the education of a student in need abroad for a year through Pencils of Promise
  • No application, origination or disbursement fees

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Loans funded by community lenders.

See refinancing rates from our network of 300+ lenders in 2 minutes without impacting your credit score.

Members average $15,270 in savings.

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Megan – Wartburg College

I feel like I can breathe again!

I have been very impressed with my application process with LendKey! Their customer service team is prompt in responding to any inquiries via email and very helpful on the phone! The application process was easy to follow and very user friendly! With LendKey's help, I'll be saving nearly $400 per month on my student loans! I'm absolutely thrilled and feel like I can breathe again knowing how much this is going to help me financially and the ability to pay my loans off faster. Thank you LendKey!

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Tyler – Grand Valley State University

I checked multiple companies for student loan refinancing and LendKey was by far the easiest and had best rates. Save yourself time and just go with LendKey.

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Michelle – San Jose State University

I found the application process easy, the customer service when I called always friendly and helpful (minimal automated phone assistance!) and I was approved quickly! Highly recommend refinancing your student loan w/Lendkey!

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I liked the repayment program that was offered. Lower payments in the beginning and as I moved along in my career and earned more, I could pay more.

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The customer service was fantastic and the network of credit unions was incredible. At the time when I was looking to consolidate my loans, I could not find many other opportunities like the one presented by you guys.

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Abigail – Western Michigan University

I had outstanding loans from Sallie Mae with an extremely high interest rate. It would have taken me over 30 years to pay my college debt. You guys were the only program that allowed me to consolidate my private student loans for one easy payment. They are much easier and nicer to work with then Sallie Mae.

  • Higher chance of approval with LendKey’s network of not-for-profit lenders
  • Check real refinancing rates in 2 minutes with one form and no impact on your credit score
  • No handoffs – you’ll be with our fully trained customer care team from your application to your final payment
  • Refinancing and consolidation of private and federal student loans
  • Available for both undergraduate and graduate school student loans
  • Fixed rates from 3.25 % ARP to 7.26 % APR (with autopay)
  • Variable rates from 2.67 % - 6.31 % APR (with autopay)
  • 5, 7, 10, 15, 20 year repayment terms
  • 0.25% Interest Rate Reduction – available to all borrowers when making automatic payments
  • Unemployment protection – longest period (18 months) of paused loan payments while in-between jobs
  • Cosigner release – available after 12 on-time payments
  • Minimum balance to refinance: $7,500
  • Minimum income of $24,000/year
  • No application or origination fees, and no prepayment penalties
  • Keep payments low with interest only repayment available for initial four years of some 15yr term loans

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Average customer savings $132/month 2

No application, origination or disbursement fees.

Thank you so much for all your help Citizens! You've truly helped change my life!

After hearing about the student loan refinance options at Citizens Bank, I was interested to learn more and submit an application. However, I was unaware of what the process required. I was very fortunate to be assisted by your phone agent during the application process. He was extremely patient, professional and knowledgeable. He was able to clearly answer my many questions and provide guidance as I put together the required information for the application. I had an overwhelmingly positive experience and because of it, will be referring my sister for this product as well. I look forward to finishing the process and having a better student loan finance option. Thank you!

The loan department emailed me last night and I finished up all the docs. It's so sweet to finally get out of the clutches of my old loans. I feel like I just walked out of prison. Take care!