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Infolawyer, Lawyer
Category: Consumer Protection Law
Satisfied Customers: 56867
Experience:  Licensed attorney helping individuals and businesses.
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I am not able to pay my credit cards this month. What should

Customer Question

I am not able to pay my credit cards this month. What should I do?
Submitted: 1 year ago.
Category: Consumer Protection Law
Expert:  Infolawyer replied 1 year ago.

Normally, the card company allows you to go into arrears and charges interest. Obviously better to not have that continue too long to avoid interest. Another option is to borrow from friends and family at no/low interest to avoid higher interest credit card debt. Kindly let me know if that is clear.

Customer: replied 1 year ago.
Do I call up the credit card companies and let them know? How long do they let you go in arrears? At what point in time if I can not pay will it show up on my credit report?
Expert:  Infolawyer replied 1 year ago.

call the card company and see if they will work with you. Normally they will hold off for 120 days before doing anything. They will want to work with you so call them and it should be fine. Kindly rate me positively.

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