I have about 4600 on my credit card and due to financial difficulties and a history of late payment they now want the entire balance. I wasn't able to pay them for about five months.I haven't had the guts to call them to see if I can still work out a payment plan. What can I do? Obviously I don't have 4600 to pay them on hand.
Can I get another credit card with another company, pay off the balance and start paying down the debt that way without angry citibank bugging me? I can now afford monthly payments to an extent (nothing outrageous but enough to pay down the debt) but given my history I don't think CitiBank will let me do it now.
I know the payment gap will show on my credit report but will it stop me from getting another card just to appease citibank. I know the interest rate will be ridiculous but the company won't be so anal about really high payments due.
Any suggestions? And no lectures on the evils of credit cards. I've learned my lesson. Still have to pay
2006-07-05
07:34:35
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10 answers
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asked by
skrablesgirl
1
in
Personal Finance