How do I fight the total amount asked for me to pay

by Gabriela
(Los Angeles, CA USA)

I am currently not working and was unable to pay a credit card bill. The amount is now double my limit and I know that it was not maxed out. How do I pay only what I owe. And how do I get them to settle?

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Jul 13, 2010
Paying less on a credit card bill
by: Mary

You have a couple options. If you could afford to continue paying on the debt if you could get your monthly payments lowered, you may want to get in touch with a nonprofit credit counseling agency. The agency will review your finances and if it agrees to work with you, it will contact the credit card company you are concerned about and any other credit card companies you may be having problems paying to try to negotiate more affordable payment plans for you.

Another option is to settle your debt in full for less than what you owe on it. You can try to negotiate your own settlement/s or you can work with a reputable debt settlement firm. If you want to settle your credit card debt on your own, I suggest that you purchase a copy of the e-book Debt Collection Answers that I co-authored with Gerri Detweiler. It's available as a download on this web site and you can read the first chapter of Debt Collection Answers online for free. Chapter 2 explains how to settle your own debt.

If you want help settling your debt, you may want to check out Consumer Recovery Network. The person you speak with at the company will determine if settlement is right for you. Before you call, listen to this debt settlement podcast.

Good luck resolving your debt problem.

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