Will a credit card company let you lower you monthly payment when you are in a repayment program?
I am currently in a credit card payment program through Chase Bank. I have a set amount to pay each mounth of $568. If I ask will they lower my monthly payment and keep the 2% intrest I have now or dose changing the monthly payment cancel my program with them? This payment plan was set through a Credit Card council program. The trouble was the company I was going through was not one of the legit companys an they were not making payments on time and it destroyed my credit rating. I was able to cancel the program and I now make the payments to Chase.
You can certainly ask Chase, but it appears that your debt is very high and they’ve already made a major accommodation. It may also depend on how long you’ve paid this program as agreed.
I agrre with Still re… call the credit card company and speak to them..they want their money and its good you want to pay them back..