I have a House hold bank a credit card with limet on 2500 but I owne about 2200.00 0n it ,and I have been making payment on for a long time without any result the balance still the same . I am runing out of money,and I don't know if I can make it any more. I have not misse one payment so far. My question is Do I try to call them and explain that I am about to miss next payent,and see if they can help me,or do I miss couple payment and save some money,and see if I can settel with them,or can I settel with even I have not miss a payment? Please any help with the questions. Thanks
I'm not sure what Household bank's position is, but my guess is they may not work with you unless you've already missed a payment or two. That's generally how hardship programs work because they only want to help people that truly can't afford their payments. It can't hurt to call, ask, and find out their position though. Also, you won't be able to settle an account for less than you owe if you're still making on-time payments. Why are you running out of money? Have you lost your job? Is there any way to increase your income, take on a 2nd job, or start selling personal things of value so you can pay this debt down before you go delinquent and really damage your credit history?
