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Valued Member
Posts: 37
Registered: ‎08-19-2009
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How do I lower my minimum monthly payment?

Any tips and advice would be greatly appreciated.  Debt consolidation companies do it all the time but I don't want to have to go through one of them. 

Its only one credit card, but the minimum payment is over $400.  I am at my wits end, I cannot keep paying that and keep up with my mortgage, etc.

I do not want to ruin my credit over this, which is good (around 710).


There must be way to call the cc company yourself and work out a smaller minimum monthly payment???

Regular Contributor
Posts: 175
Registered: ‎04-02-2010
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Re: How do I lower my minimum monthly payment?

You can try just calling them and asking them.  They might have some suggestions.


Also, if you can  stick it out for a few months, depending on the balance on the card, the minimum should go down by itself, soon.


04/2010 EQ 656 TU 648
05/2010 EQ 669 TU 664
06/2010 EQ 674 TU 678
07/2010 EQ 666 TU 667
Posts: 15
Registered: ‎01-13-2010
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Re: How do I lower my minimum monthly payment?

I agree with JackBeNimble. Call them up and try and work out a deal with them for now. They want your money and should be willing to work with you.

Starting FICO 530 (06/2008)
Current FICO 686 (06/2010)
Goal FICO 20,000 (06/2012)
USDA Home Loan 12/2009 (Tax Credit SPENT) No lates in two years, 6 percent utilization, 5 years AAoA, etc. I regularly use a couple cards and pay them off online. CR Shows: Home Loan/Car Loan/Personal Loan/Credit Cards.

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