Credit Card Negotiations
Drowning in credit card debt? You aren’t the only one!
For many people, credit cards are their largest sources of debt. The average American family has 4 or more active credit cards carrying balances with thousands of dollars. Credit cards are attractive because of their buy now, pay later process. It is not uncommon to overspend, and get behind on credit card payments.
When facing overwhelming credit card debt, there are only a few options to choose from to get you out of debt.
The best option? Pay off your debts.
Sometimes there are extenuating circumstances that place a person in a financial situation that makes it impossible to get caught up on debt. For those experiencing an extended financial hardship, bankruptcy provides a way to relieve you of your debts during hard times. However, it is not the only way!
Our attorneys love helping people just like you get out of debt and regain control over their finances! We have helped thousands of people successfully negotiate with creditors to obtain a repayment plan that fits their restricted budget and get delinquency fees waived. If you are looking for relief from your credit card debts, consider a credit card negotiation.
Negotiating The Terms
Did you know that you have the right to negotiate your debts with your creditors? Well, you do!
Credit card companies do not want people to know they have the right to negotiate payment terms. They always pursue getting the full amount owed on a debt as often as possible.
Why would my credit card company want to negotiate with me?
The answer is simple: they would prefer to negotiate terms of repayment than risk obtaining less or none of the debt owed in bankruptcy.
When you negotiate with your creditor you may be able to obtain the following:
- Lower monthly payments
- Reduced principal amount owed
- Reduced interest rate
- Temporary suspension of payments
You should know that credit card negotiations can be stressful and time consuming. Why waste your time negotiating with creditors when we can do it for you? One of our qualified credit counselors can help review your credit card repayment options and develop a plan to put you back on the path to financial freedom!