Debt can take a toll on your finances, especially when you have multiple credit cards and you are unable to pay them all. Depending on the amount you owe and the credit card company you are dealing with, you may be able to negotiate the amount of money you owe on each credit card account. Contact a Salt Lake City creditor negotiations attorney to help you negotiate with creditors. We can help you get through tough financial times.
Even when your finances are stable and you have an excellent credit history, you can still benefit from lowering your credit card’s interest rate. You can contact your credit card company and request a better interest rate. They may say no but you lose nothing by trying. You can always tell them you are considering switching to a different credit card with a better interest rate, and they may negotiate something with you.
Some credit card companies are friendlier than others. Most of them expect you to call them if you expect financial struggles in the near future. Remember it’s their money. While it’s a bit difficult to know how they will react to your requests, you will never know until you try. You may be able to change the payment date and receive relief if you are currently unemployed due to a family emergency. Some companies may be quite difficult to deal with so you must be careful as you have no idea who you are dealing with. This is why it’s important to prepare for this call. If one of the credit card companies was not very helpful, don’t get discouraged. Not all companies are the same. Perhaps you have better luck on your next call.
You will have a few options to choose from when calling:
If you request more than the already established, you run the risk of having your credit being cut off until everything is paid or even after. If you think your finances may take a while to stabilize, perhaps you should contact a Salt Lake City creditor negotiations attorney or explore other options with your credit card company such as:
It all depends on your needs and what you wish to negotiate:
Sometimes the credit card company doesn’t want to work with you and you need to find help from other sources. A Salt Lake City creditor negotiations attorney may be your best choice during these difficult times.