Is it possible to negotiate a recuded payment plan from a company whcih I am in debt to?
I currently have a delinquent account at a certain credit card company and I wish to pay off my debt, however I currently don't have the means to fully pay my monthly dues because of the increase in my monthly expenses. Would it be possible to call the comany and ask them to reduce my monthly payment plan so that I can pay off my debt?
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Yes, it is possible to ask your credit card compan to reduce your monthly payment plan but it would depend on the company. Many companies would approve such a thing and will honor it as long as you keep making the payments on time. Another thing to make sure is that you get it in writing for a pay for delete guarantee.