Hi - does anyone have experience calling your credit card companies to ask for reduced payments or interest rates, or to get on a hardship program? We've had a big change in our financial situation over the past two years and we've had to rely on credit cards to get by; now our balances are too high and we're at the point where we're having trouble making the minimum payments. So we have to stop using them, find ways to pare down our monthly expenses. I need to call and beg them to help me, and I don't know what to say - I'm scared of saying the wrong thing!! I had a late payment a couple of months ago and it's hurt my credit; my other cards have been "punishing" me by lowering my credit limits, which of course does further damage to my credit score. I don't know how to get out of the spiral, here.
I've been on creditboards.com - having a hard time finding the right advice there. Thanks in advance for any feedback!!