Advice in the region of calling a creditor?
I am in a situation where I know that I won't be capable of pay the minimum payment on a 27,000 dollar smudge of credit. I paid this month (505 min. payment) . I'm expecting a child any and right now I enjoy very little in my checking to cover any expenses that may come up. I entail some of that 505 back into my pocket for the upcoming months. I want to call the creditor and be upfront just about everything..what should I do/say? At this point, my credit score isn't my main concern..I merely want to stay in good grace. Suggestions?
Answers: just be up frount with them. explain to them your situation and your inability to pay. you should be able to attain your minimum payment reduced. just as long as they are getting something pretty good each month they will be happy.
If this is going to be a habitual problem, I suggest you get in touch next to a credit counseling service. They will work with the creditors on your behalf to work out a payment plan. I use Auriton (www.auriton.org) and they've be great. Call em up and see if they will give you a grace period. I know it works for auto loans sometimes. If finances might be a problems may want to see if maybe you can refinance to get your monthly payments lower.
CALL THEM! Most companies can bequeath you a short term (3-6 month) lower amount to pay. Just don't miss the salary.
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Answers: just be up frount with them. explain to them your situation and your inability to pay. you should be able to attain your minimum payment reduced. just as long as they are getting something pretty good each month they will be happy.
If this is going to be a habitual problem, I suggest you get in touch next to a credit counseling service. They will work with the creditors on your behalf to work out a payment plan. I use Auriton (www.auriton.org) and they've be great. Call em up and see if they will give you a grace period. I know it works for auto loans sometimes. If finances might be a problems may want to see if maybe you can refinance to get your monthly payments lower.
CALL THEM! Most companies can bequeath you a short term (3-6 month) lower amount to pay. Just don't miss the salary.