Negotiate with Credit Card Companies - When you have a high balance on your credit cards, it may feel overwhelming and unbearable. You may have no idea how to get rid of a high balance and feel like you are about to collapse under pressure. Instead of feeling overwhelmed, one option that you have is to be proactive and negotiate with credit card companies. You may be able to successfully negotiate a deal with credit card companies so that you do not have to pay a full balance on your credit cards.
You will simply have to call the customer service department of a credit card company to get started. You should just explain your situation and the reasons for why you are having difficulty in making monthly payments. Perhaps you are ill or have recently been in the hospital. Maybe you lost a loved one who was serving as financial support for you. These would be valid reasons that a credit card company would consider in potentially eliminating the debt that you owe.
It is also possible for you to negotiate any late fees that accrue on a credit card. If you find that a credit card is charging you fees for a reason, then you are entitled to an explanation of these fees. You should simply get in touch with a credit card company and request the reasons for these charges. A credit card company will then likely get rid of any fees if you ask in a polite manner. If you never received notice for the fees that have been charged on your account, then this may also be legal grounds for requesting that the fees be taken off of your account. A credit card company will likely comply with a request if there is a legal basis for asking for a reversal of fees.
How To Negotiate High Credit Card Balances