In today's society, it might be easier to get a credit card than to organize your dresser drawers. Half of the time, the credit card applications arrive at your home and are practically filled out for you. All you have to do is ink down your first and last name and then you are the proud owner of a fresh new credit card.
You wait, and you wait, then it finally arrives. It might be the easiest thing to use; no more writing checks or having to keep a wallet full of cash. This card is the ticket to everything you are buying, and unlike your check card - your checking account is not even affected. Or so you think. Keeping track of credit card spending is a hard task to manage.
Before you know it, you have huge credit card debt, the card company doesn't care, and you're stuck making minimum payments at 20% for the next 30 years. You've gotten used to spending, so you quickly find you are living beyond your means, and collection calls begin. There HAS to be a way out!
They way out is to repair your past mistakes. Get rid of the credit card debt. Call the card company and ask them to work out a payment plan with you. Most of the time they are interested in getting their money back just like you are, so you can probably strike a deal for a reduced interest rate in exchange for a larger payment.
As soon as you get off the phone, cut up the card. Don't trash it, because you might need the number for confirmation on a report or something, but cut it up so you can't use it. Put it in a baggie and bury it in the closet, in your sock drawer, or somewhere else it is safe and you are not likely to pull it out and use it. Stopping the spending is critical.
If you made the mistake of overspending on multiple cards or through multiple companies, your nightmare may not be on its way to fixing yet. Agencies will often hound you with calls until they can get some money out of you. So treat them like human beings and confidently tell them you are paying off debts with another company as the debt was larger.
Whatever you do, do not give them the details of your other agreements. If they have the conversation recorded you could be in legal trouble, not just financial trouble. Be willing to work out a plan but make sure they understand you need to be in charge of the details as you have to pay more than one bill.
When all is said and done, you may be forced to miss a payment or two from time to time. However there is no need to lie and get in a mess again; instead just tell them you are having to pay off a lot of debts as is and will update them on the status of the bill, maybe even have them break it up. Soon you will be on your way to a debt free life with the credit card companies working on your terms - not theirs. - 16089
You wait, and you wait, then it finally arrives. It might be the easiest thing to use; no more writing checks or having to keep a wallet full of cash. This card is the ticket to everything you are buying, and unlike your check card - your checking account is not even affected. Or so you think. Keeping track of credit card spending is a hard task to manage.
Before you know it, you have huge credit card debt, the card company doesn't care, and you're stuck making minimum payments at 20% for the next 30 years. You've gotten used to spending, so you quickly find you are living beyond your means, and collection calls begin. There HAS to be a way out!
They way out is to repair your past mistakes. Get rid of the credit card debt. Call the card company and ask them to work out a payment plan with you. Most of the time they are interested in getting their money back just like you are, so you can probably strike a deal for a reduced interest rate in exchange for a larger payment.
As soon as you get off the phone, cut up the card. Don't trash it, because you might need the number for confirmation on a report or something, but cut it up so you can't use it. Put it in a baggie and bury it in the closet, in your sock drawer, or somewhere else it is safe and you are not likely to pull it out and use it. Stopping the spending is critical.
If you made the mistake of overspending on multiple cards or through multiple companies, your nightmare may not be on its way to fixing yet. Agencies will often hound you with calls until they can get some money out of you. So treat them like human beings and confidently tell them you are paying off debts with another company as the debt was larger.
Whatever you do, do not give them the details of your other agreements. If they have the conversation recorded you could be in legal trouble, not just financial trouble. Be willing to work out a plan but make sure they understand you need to be in charge of the details as you have to pay more than one bill.
When all is said and done, you may be forced to miss a payment or two from time to time. However there is no need to lie and get in a mess again; instead just tell them you are having to pay off a lot of debts as is and will update them on the status of the bill, maybe even have them break it up. Soon you will be on your way to a debt free life with the credit card companies working on your terms - not theirs. - 16089
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