Are paying the average of $200.
00 per month on your credit card bills? Would you like to be able to negotiate these debts and get them lowered? Well, there are some things that you may be able to do that would help.
In some cases, depending on the current relationship and past track record you have with your credit card lender it may be possible.
If you have a good relationship you may try calling them and asking if they have any type of rewards programs for good customers.
Some of these programs include lowering the interest rates of customers who have demonstrated their creditworthiness.
If this is a consideration you should start by calling the card companies that you have been with the longest amount of time.
Generally you will also gain creditability for the length of your relationship with the company.
There is an option that you can use if you have been late on your payments, or are currently late on them.
It is called debt negotiation.
The reason that debt negotiation is usually not an option for most people is the fact that you will need to atleast be able to pay a portion of the debt in one lump sum.
If you do not have a lump sum you can try a couple of things to raise it.
Explore the possibility of borrowing from a family member.
If this is possible you can repay them each month with a portion of the money that you are now saving.
Sometimes they will not charge you any interest.
Another option is to plan to negotiate with them at tax time, if you believe you will be receiving a refund.
Using a tax refund to pay off your bills isn't much fun but it will pay dividends each month thereafter.