Getting Started
Date: Thu, 03/18/2010 - 07:41
I've been able to survive and still pay slightly more than the minimuns but I'm not going to be able to for much longer with the combinations of increasing interest etc.
How should I get started in getting this settled/managed.
I'm not late on ANY payments.
Thanks
Hev
You can negotiate with them to lower your interest rate/payments
You can negotiate with them to lower your interest rate/payments. Tell them your circumstances and keep notes (date you spoke to them, who you spoke to). If they refuse, then unfortunately you will have to stop paying them. They will not settle if your accounts are on time. Then place the money you would be paying them into a separate account for your settlements. If you are receiving a tax return (don't tell them you are), put that money into the account also if you are able.
Read the posts on this site for the credit card companies you have. Just do a search and get a sense of what they are offering and how other individuals have managed their settlements.
Good luck. You can do this and don't need a settlement company who will charge you $$$. It's best to keep your accounts under YOUR control.
