I havent paid my credit card bill , creditors are calling, can i do a payment plan?

Answer 1

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Answer 2

Technically a credit card is a payment plan. You "borrow" (make a purchase) a larger amount of money and then pay it back over time. If you cannot afford to make the minimum monthly payments to your credit card company, you should at least send them something, even if it's a few dollars. It will be reflected on your credit report as "paid less than minmum", but that's better than "late payment" or "no payment".

If you have multiple credit card debts, you could look into a credit counseling/debt consolidation comany.

But above all, at least try to send them something.

Answer 3

Hello You sure can call them and tell them what you can afford each month and they will put your charging on hold but it will still be in good standing as you pay. They cannot (by law) keep calling you as long as you are making some sort of payment even if its only $20 bucks a month. If they do put your account on hold your interest will stop (only if its on hold) it will show on your credit that you had a account hold but it is still a slow pay which most companys when they check your credit will see and most all with overlook as they see you are still making an efffort. But remember they want there money as fast as they can so they will try to make you go up on your amount that you told them that you could pay. Dont budge because if you overextend yourself you will not be able to make the payments then youll be in the same boat your in now.Best to say what you can afford and tell them if you can send more you will. Good luck its happend to most of us!!!

Answer 4

You are doing the worse possible thing - ignoring the credit card company. They are willing to work with you to help you work out a payment plan and it will stop the credit and collection agencies from calling. Your phone would no longer be your enemy.
Call each creditor and explain your situation and see what you can set up with them.
Another option is to see a credit counsellor who could arrange repayment plans and probably get the interest frozen or eliminated on future bills. This may show up on your credit report (seeking help) but I think it looks better than ignoring them. Despite what everyone thinks they are willing to work with you.

Answer 5

they are going to threaten to call the debt creditors or take you to court docket and get you to pay up by some ability. do no longer enable it get that some distance although-attempt and manage a charge schedule with the the credit card employer and tell them how plenty you may discover the money for to pay. Get the ball rolling-do no longer enable it develop anymore ok.

Answer 6

Ask them the next time they call. Some creditors will and some won't. Most just want their money. Be careful what you say though, don't verbally agree to something you can't do since a verbal agreement that is tape recorded can be legally binding.

Answer 7

You can call the credit card company and try to set up a payment plan. I would also suggest you get some counseling on how to use credit responsibly.

Answer 8

When they call you ask them if you can do a payment plan....Some of them are really willing to work with you if you show them you are serious....I had gotten a credit card when I was 18 and maxed it out after a couple of years they worked on a plan with me cause I grew up and wanted to take care of my bills.....Just be nice to them and they will be nice to you.......

Answer 9

Go to an Financial planner who can hook you up with Consolidation plan.For all your Credit Loans owed.They pay them off and you pay a small payment, you can afford.
Cut all you cards up except for one with low interest for emergencies only. Best of Luck.Credit cards are evil little
demons.that cost us dearly in the long run.Be wise with them are cut them.

Answer 10

it depends on the creditor. They will normally allow it as long as you agree to their terms. Tell them you need a payment plan in order to keep your account up to date and reastablish a good status with them..
Good luck.