Are credit card companies unwilling to negotiate a payment option or make settlement with you.
Here are a few ideas without having to spend the BIG BUCKS to stand up against the credit card companies.
Haggling will go a long way in today's market Have you ever been to the swap meet or a Garage Sale and haggled for something you really wanted? Once I bartered $100 off a lawn mower at Loews.
You think you could do this with the Credit Card Companies with letters or over the telephone; Yes you can.
Offer to pay less money is your goal.
Some accounts have been known to settle as much as 50% lower than the pay off amount.
If done right, this is an easy process to settle your debts.
You need to ask for your own restructuring plan, tell them you want a lower interest rate.
Banks will always work on your interest rate especially if they know that they are going to get a guaranteed payment from you each month.
The banks need your money, just as bad and you need a Debt Solution.
They are going out of business all over the country right now.
Don't obligate yourself for a payment you cannot afford, you will need to be firm with them.
You tell them the amount you are comfortable with, if you have a $2000 a month income and your bills are $1900 a month you don't offer them $250 dollars a month you just can't afford it.
Ok, I will put my hand up I actually tried that.
I honestly thought I could make it work, bad idea Don't Do It.
There is the option of a counselor or settlement coach.
They do work but you have to be very careful to investigate their company, don't feel bad about asking to Question their clientele for results, be sure to ask for Proof.
It is your money that you are giving them, likely so most of the time it is a monthly charge.
Do not use them unless they can get you MORE than 50% reduction on you bills.
I have found in my own personal experience that credit cards companies are very hard to work with.
They are not willing to negotiate with you directly; they want to sell your debt to ensure their financial position.
But wait that may not be true in today's market I have seen numerous bank in my state alone that have went out of business.
You are in a great position to benefit from the economic times we are living in today.
The Bank needs you.
So take the time Today to contact your Financial Institution and tell them what you Want.
Let them now you need to talk with a Manager, do not talk to the operator you will not get anywhere.
I need to make arrangements to settle my account or I am in a financial situation that requires me to negotiate my outstanding debt and I cannot afford to deal with a consolidation company.
My interest is too high I want you to lower it, ask for at least 2 percent maybe more if your interest is higher.
I have found it does not hurt to ask.
Remember this is your life and it is important, not only to you but for your friends and family around you.
You have to admit that life was less stressful without all the debt; debt seems to affect all areas of your life.
This is your time to get Debt Relief living your life with Financial Freedom is something you deserve.