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How do I lower my minimum monthly payment?

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Anonymous
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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???

Message 1 of 3
2 REPLIES 2
Anonymous
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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.

 

Message 2 of 3
Anonymous
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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.

Message 3 of 3
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