Reported 12 months ago
If you struggle to meet your credit card's minimum payment, it's crucial to act quickly to avoid penalties and a negative impact on your credit score. Contact your credit card issuer to explain your financial situation; they may reduce your minimum payment or offer payment plans based on your circumstances. Various credit card companies, like American Express, Bank of America, and others, provide different options for assistance, which can help mitigate your financial burden. Additionally, explore balance transfers or credit counseling as alternatives to manage your debt effectively.
Source: YAHOO