So here's the deal, due to situation I have used my amex, alot. Now it's to the point I owe well over 20K and my payment is more than my car payment. I haven't been going out on shopping trips, just had to use out of necessity. Anyway so I can barely keep up with the payment and the $300+ of interest that gets added to the card every month is about to put it over the limit. I know I can go thru consumer credit counseling but I don't want to pay them to do something I can do myself. So here's my question, does anyone know how to get the credit card company to help me out by stopping the interest and lowering my payment? I wouldn't have to use it if my bill wasn't so high but ...you get the picture. I have created this mess I know that. If you have any insight or help I would appreciate it. Thanks
2007-07-04 14:28:51 · 3 answers · asked by buttons799 2 in Business & Finance ➔ Credit
The right counselor can mean a lot to an ailing debtor. The professional advice can come as a whiff of fresh air that can blow away your financial woes. Don't go for the cheapest straight away. There are lots and lots of counseling agencies out there who offer no value, take a toll on your time, money and confuse you even more. You will have to find a good agency which doesn't burn a hole in your pocket. Shopping around a little or asking from a friend who has undergone similar problems could help you find one. The counseling sessions will tell you how to tackle your existing debt efficiently, help regain control over your finances and prevent damage to your credit history. Again, its you who will have to follow and implement the advice. Read more about american express credit card at: http://www.credit-card-gallery.com/American_Express.html
2007-07-04 23:16:48 · answer #1 · answered by grierGRIER h 3 · 0⤊ 0⤋
Contact a debt consolidation company (look in the phone book) or call American Express yourself. I've heard several times that if you simply call and ask or, if need be, threaten to move your business else where they will lower your rate or take some interest charges off. Good Luck!
2007-07-04 16:32:11 · answer #2 · answered by laurenm49 4 · 0⤊ 0⤋
The credit counselor can do more than you think. Some wll contact the card company on your behalf and negotiate. Go see a good one.
http://www.nfcc.org
2007-07-04 15:13:39 · answer #3 · answered by jdkilp 7 · 0⤊ 0⤋