Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV
Call (Toll Free)
(800)-601-1579
Community Area
Get FREE Counseling




*


Helpful Resources
Community
Popular Discussions
Creditmagic Twitter
Credit on Facebook

Help cant make minimum payments

Post reply  Start a topic
Author Message
Options
Print this topic
Invite a friend
Email this topic
  Bookmark online
Add to del.icio.us
Add to YahooMyWeb
 
Sabra
Guest






Subject: Help cant make minimum payments
 
Posted on Tue Sep 21, 2010 5:29 am  

Hello,

I was laid off recently and so I am in a financial difficulty now. The credit cards which I have are charging high interest rate. I am struggling to make even the minimum payment each month.

So what do you people say? Could I call the credit card company to see if they could lower my interest rate or the minimum payment each month? Does anyone know the way to do this?

My situation is really tough. Please help.
Aaron

Aaron

Joined: 08 Feb 2010
Aaron's page
Posts: 2632



48565 Magic Points

Subject: minimum payments on credit cards
 
Posted on Tue Sep 21, 2010 7:51 am  

Hi Sabra,

Quote:
So what do you people say? Could I call the credit card company to see if they could lower my interest rate or the minimum payment each month? Does anyone know the way to do this?
Yes, I think you can talk to your creditors before even defaulting on your payments. If you default on your payments the creditors may increase interest rates on your card, can charge you late fees, can lower the credit limit. So, it is better to talk to the creditor before going delinquent.

Talk to them about the financial hardship you are in, and request them for a repayment plan. Ready copies of your monthly income and expenditure to prove your inability to continue the payments. Get the payment agreements in writing.

Thanks,

Aaron
_________________
Keep in touch Smile
Aiston
Guest






Subject: credit card payments
 
Posted on Tue Sep 21, 2010 11:20 am  

Sabra, you can also try settling your credit card debt as debt settlement lowers the outstanding debt amount by 40-50%. thus, it becomes much easier to pay off your debts.

Thanks

Quick Reply
Your Name
Subject
Message body
Page 1 of 1

 
Delete this topic Move this topic Lock this topic Split this topic 






Page loaded in 0.050 seconds.