Author Archives: Chandrasekaran Rajamani

Ask your credit card company for reduction in interest rates and seek new manageable payment plans. Most credit card companies will be willing for this arrangement especially if you throw subtle hints at the possibility of you filing for bankruptcy. Credit card companies would prefer you paying back the principal with reduced interest rates rather than allowing you to file bankruptcy which may result in loss for them. Contact your credit card company for reduction of interest rates. Initially you may face hurdles in contacting the right person but do not give up and be persistent. Sooner or later you will be able to meet someone and discuss your problems about your repayment difficulties. Continue reading →