“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”
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.
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
Do you have a question you'd like to ask me for free? Go ahead and click here.
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