Dealing with credit card companies

I wouldn????????t stop making payments, pay something or your going to wreck your credit all together. I would write to them. Tell them of your hardship and make an offer that you think you can afford. Sometimes something writing works much better then talking to them on the phone. Or look for another card with a lower interest rate and transfer the balance.

Yeah, mom is right..you will just make the situation worse. Unfortunately, some cards I think just wait for you to default so they can skyrocket your rates. I have heard this is where the credit card companies make all the money.

The only thing I can think of is check your signed agreement/contract and make sure what they are charging you agreed to.

You said you were never late, does that mean you didn't default, they just decided out of the blue to raise your rate? If this is the case, definately check your contract/agreement and make sure they can do that...if it doesn't say they can raise it, you might be able to fight it, but honestly I am not sure how...would have to research contract and credit card laws.

You need to check your user agreement which is subject to change at any time. When it changes they are required to inform you. However whatever was purchased before the interest rate change should be grandfathered in at the old rate.

Creditors aren't required to work with you and believing that they are anything but a business is a huge mistake. Sometimes you get lucky and get a company that will work with you but you need to remember you are just a dollar sign to them and their main interest is the company's profits.

If you don't want to pay your creditor why don't you try taking back some of the things you purchased on the card to help lower your debt and if you can't take them back then try selling them in a garage sale or to friends and family.

Yes,that really sucks.Sometimes though they make an offer to settle and even then you can't aford it.Thats what happened to my son. They hound him day and night.