Latest Posts
Home > Ask The Get Out of Debt Experts > How Can I Obtain a Payment Plan With My Credit Card Companies? – David

How Can I Obtain a Payment Plan With My Credit Card Companies? – David

“Dear Steve,

I just can’t make ends meet anymore. We are trying to stretch our money but there just isn’t enough to make the minimum payments.

How can I obtain a payment plan with credit card companies that I can afford?

David”

Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

 

Dear David,

It is quite possible that you will not be able to come to an agreement with all of your creditors that will allow you to repay your debt is a reasonable, sustainable and fair way. Each lender seems to care only about themselves and finds no value in participating in a repayment plan that is negotiated just for your situation.

If you want to try to get a payment plan with your creditors, call them. Once you give up and feel frustrated from hitting your head against the wall with them you can click here for debt management information. A debt management plan is a debt consolidation approach where you have one monthly payment and that is then divided up and sent to your creditors.

If a debt management plan is not affordable for you then the only payment plan that creditors must participate in, eliminates all interest and is recognized by law is a Chapter 13 bankruptcy. As much as may want to avoid bankruptcy for personal reasons, lenders are pushing you towards bankruptcy by their blatant disregard for consumers with money troubles.

Big Hug!

How Can I Obtain a Payment Plan With My Credit Card Companies?   David
Get Out of Debt Guy – Twitter, G+, Facebook

How Can I Obtain a Payment Plan With My Credit Card Companies? - David by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.