Phone Call Us 414-326-9231
Toll Free 866-678-9352
Text Us 414-277-7742

How talking to your creditors can help

When it comes to dealing with debt, communication is key. While it is common to want to avoid issues that you feel you have no control over -- like owing money you can’t afford to pay back -- facing the issue head-on is almost always the best thing to do.

In many cases, creditors are willing to work out some kind of agreement with you if you inform them of your situation and ask for help right away. 

For example, if you recently lost your job and cannot afford to pay your credit card bill, your credit card company might be willing to lower your minimum payment or waive late fees if you explain the situation before the bill is due and agree to make full payments at a later date.

For additional tips on what to do if you are unable to make your minimum payment on your credit card and how to talk to your creditor about your situation, read the Consumer Financial Protection Bureau’s brochure called “Act fast if you can’t pay your credit cards.”

Of course, some financial situations are too serious for you to handle on your own. In these cases, you might need to depend on advice from an experienced bankruptcy lawyer in your area before you decide what action to take, whether it is filing for bankruptcy or a bankruptcy alternative.

According to the Anxiety and Depression Association of America, worrying about bills is an everyday anxiety that causes stress to countless Americans. The best way to tackle this stress is by dealing with it head on, and there are trustworthy services available to help you do this.

Source: Michigan State University Extension, “Communicating with creditors,” William Hendrian, August 29, 2014

No Comments

Leave a comment
Comment Information

Contact Our Milwaukee Law Firm

Reach Miller & Miller Law, LLC, online or call us at 414-326-9231 to schedule a free initial consultation. Our law office also provides Spanish language services. Se habla español.

To schedule an initial consultation, call 414-326-9231 or contact Miller & Miller today.

Free Case Evaluation

* indicates required field

Milwaukee Office
633 W Wisconsin Ave, Suite 500
Milwaukee, WI 53203

Phone: 414-312-6581
Fax: 414-277-1303
Milwaukee Law Office Map

Kenosha Office
6123 Green Bay Road
Suite 210
Kenosha, WI 53142

Phone: 262-326-1669
Kenosha Law Office Map

Brookfield Office
200 S. Executive Drive
Suite 101
Brookfield, WI 53005

Phone: 262-261-0665
Brookfield Law Office Map

Madison Office
2810 Crossroads Drive
Suite 4001
Madison, WI 53718

Phone: 608-260-7133
Madison Law Office Map

Glendale Office
6001 N. Green Bay Avenue
Glendale, WI 53209

Phone: 414-973-8662
Glendale Law Office Map