The new calendar year is a chance for all of us to get a fresh start and do the things that we have been delaying for the past few months. One issue that many of us are guilty of ignoring during the festive season is our finances. Many of us promise ourselves that we will face our unhealthy looking finances in the new year, and meanwhile we shop with abandon.
If you have missed scheduled repayments on your credit card, it is important that you face this problem now. The longer you choose to ignore these late repayments, the longer it will take you to gain back control over your finances.
What's the best thing I can do to deal with my delinquent credit card account?
Quite obviously, the best possible thing that you can do to remedy the situation is to immediately pay the amount owed in full. This will minimize any further financial penalties you will be subject to as a result of later payment. However, for many, doing this is simply not possible.
What should I do if I cannot repay the full amount?
There are several things that you can do if you cannot repay the full amount immediately. It is a good idea that you get in touch with your creditor and let them know that you want to cooperate with them. They may be able to spread the missed payments over a few months, or they may be able the re-age your account so the missed payments do not show.
If you are worried about your credit card debt, it is important to know more about your options.