How Do I Negotiate With Credit Card Companies to Lower My Balance and Stop Charging Me Interest? – Mark

“Dear Steve,

I’m $20,000 in debt, trying to modify home loan, income shrinking, savings gone

How do I negotiate with credit card companies to lower balance, stop charging interest?


Dear Mark,

The first step is to call your credit card companies and see what they will offer you. If that gets you nowhere then I suggest you turn to professional help.

If you want to lower your balances you have two options, either bankruptcy or debt settlement. But debt settlement may not help you with the home loan modification. If sounds like you need everything modified based on your current situation and income. In that case, call a local bankruptcy attorney and get a free bankruptcy consultation.


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.

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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.
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