yourself first. That's what I did. We had a medical problem and we went from paying on time for years to 90 days behind in 3 months. We wound up living off the cards...which is an absolute no-no, but couldn't be helped, and wound up with $45,000 in CC debt.
I called them all and they all have programs for hardship cases. They set up payments for you which are lower than what you would usually be paying and they lowered my interest rates again (in the good times, I was paying 9%) from 19% to 21% down to 9% again and one company even lowered my interest rate to 6%!
They automatically take the money from your account and you just have to remember to keep the money in there. Payments are much lower since they lowered the interest rate and all the cards will be paid off in 4 years.
One company did close my account, but none of the others did. I haven't used a credit card for 2 years and most of the cards I had for 10 years.
Hope this helps and good luck. There is light at the end of the tunnel. |
I agree with trying to negotiate with the CC companies - Backwards typist
