How to Pay your Credit Card and get help

How to bring your credit card account current and avoid fees. If you receive a call regarding one of your credit card that's in collections you have to pay attention and recognize when it's the company that issued the credit card or a collection agency, if it's the original creditor then you can get a lot of help bringing your account current and start fixing your credit.

Instructions

Difficulty: Easy

Things You’ll Need:

• Always answer the phone, you could be saving late fees and over limit fees.
• Listen to the person.
• Don't negociate, beside explain the reason why you stopped making payments any reason is valid and the representative should help you.
• Ask for hardship programs most of the creditors have them and you could get a lower interest rate, save in late fees and over limit fees until you can bring the account current and under the limit.
• Try no to settle the accounts, if you have an account with a balance for $1,100.00 and you settle the account for $500.00 the remaining that you saved it's considered as taxable income(any amount over
• Instead ask if they can "matchpay" your payment, you pay $150.00, they waive $150.00 from your balance.
• If your due date is withing 5 days and your are already late with a payment, pay the payment by phone fee. It won't show on your credit report that you'r account was late for more than 30 days.

1. Ask to the representative if can help you with the information from your credit report, some companies will help you removing all your past due information.
2. If you miss a payment the creditor will increase the interest rate, you may ask for a credit representative to help you with interest rate
3. Review your statements every month for errors or charges that you don't recognize.
4. When paying off a Credit Card get the payoff amount not the current balance, current balance won't have the pending financing charges.
5. When you work with a Consolidation Company they need to send a proposal to the creditor, sometimes they don't send it right away and you will be accruing fees. Also most of the time Consolidation companies will hold your first 2 payments until they send any payment to the creditors and if your account is past due, it's your responsibility to cover the past due and something that people don't know, "collection calls will continue"

Tips & Warnings

• Note. If you asked your spouse to close your account and find out it's still active and adding fees don't blame the creditors, most companies won't allow a spouse to make mayor changes such as: Updating address information, telephone numbers or cancel a Credit Card for you, without prior written authorization from you. Some states won't allow the company to speak with a spouse just leave messages without disclosing the nature of the call.
• Don't judge a creditor by past experience with a representative from the same company.
• If you are not being help ask for a manager/supervisor.