Credit Card Negotiation
I have right at $50K of credit card debt, I am not now or ever been behind in payments. I really don\'t want to go through the debt settlement process of being behind on payments. Right now, it is very difficult for me to make the minimum payments as I have been unemployed for almost a year and have just started a new job. Is it a good idea to contact the companies, close the accounts (I don;t really need them) and negotiate a payment that I can make now, with the plan to increase the payment amount as I make more money? Also, how about negotiating the interest rate? Any successful strategies?
Thanks in advance for any advic