Managing Credit Card Debt: The First Two Steps If You're Behind On Credit Card Payments

1. Using your Excel spreadsheet, identify the amount you can pay each month to each card.  If you missed the earlier post on tracking monthly income and expenses using this tool, feel free to comment below or email me at clivings@sover.net
2. Call the credit card company and say you have a plan to make future payments:

1. Take notes - date, who you talk to
2. Tell them your plan and how much monthly you’d like to pay (this may be less than the minimum monthly payment)

The company would rather have some cash than none at all.  Your proposal will mean they won’t have to waste their time and money in collecting debt.

You will most likely need to ask for a supervisor who has the authority to make this agreement with you.  You may also need to call the company more than once to make this request.

Additional steps later this week so stay tuned.



Take Action:

• Identify how much you can put toward your credit cards each month 

 Copyright 2012    Connie Livingston                  All rights reserved