When you cannot make your monthly credit card payment, the worst thing you can do is to simply let the bill go unpaid. Your creditor can charge you a late fee, raise your interest rate, and report the late payment to the credit bureaus. If you cannot pay the minimum, consider writing your credit card company and explaining your situation to them. Many creditors will extend your due date, waive the late fee, and continue reporting a "current" payment status to credit bureaus.
Dear [Credit Card Company Name], I am writing to you today to discuss the financial difficulties I am currently facing and to request a lower payment option for my credit card account. As a resident of Nassau, New York, I have been a loyal customer of your credit card company for several years and have maintained a good payment history. However, due to unforeseen circumstances, I find myself in a difficult financial situation and have been struggling to make the minimum monthly payments. Nassau, located in New York State, is a vibrant and busy county that serves as a hub for business, culture, and entertainment. Its proximity to New York City makes it an attractive location for residents and businesses alike. However, like many others, I have been impacted by the economic downturn caused by the COVID-19 pandemic. This unprecedented situation has resulted in a significant reduction in my income and a strain on my ability to meet my financial obligations. As a responsible borrower, I understand my obligation to fulfill the terms of my credit card agreement. However, given my current circumstances, I kindly request that you consider offering me a lower payment option that is more manageable for me during this challenging time. This would greatly alleviate some of the financial burden I am currently experiencing. I believe that by working together, we can find a mutually beneficial solution. Lowering my monthly payment would allow me to continue making regular payments on my credit card account without compromising my ability to meet other essential expenses. It would also help me in rebuilding my financial stability and eventually returning to meet my regular payment obligations once my financial situation improves. I assure you that this request is not made lightly, and it is with sincere hope and appreciation for your understanding that I approach you today. I value my relationship with your reputable credit card company and have always strived to maintain a positive credit history. This temporary financial hardship does not define my financial responsibility or commitment to honoring my obligations. Should you grant my request for a lower payment option, I promise to make prompt, regular, and consistent payments to the best of my ability until my financial circumstances improve. I understand that any adjustments made will be subject to your company's policies and guidelines, and I am willing to provide any necessary documentation or information to support my current situation. I would greatly appreciate your prompt response to this request as I am eager to find a resolution to my current financial difficulties. Furthermore, I look forward to your understanding and support during this challenging time. Thank you for your attention to this matter. Sincerely, [Your Name] [Your Contact Information]Dear [Credit Card Company Name], I am writing to you today to discuss the financial difficulties I am currently facing and to request a lower payment option for my credit card account. As a resident of Nassau, New York, I have been a loyal customer of your credit card company for several years and have maintained a good payment history. However, due to unforeseen circumstances, I find myself in a difficult financial situation and have been struggling to make the minimum monthly payments. Nassau, located in New York State, is a vibrant and busy county that serves as a hub for business, culture, and entertainment. Its proximity to New York City makes it an attractive location for residents and businesses alike. However, like many others, I have been impacted by the economic downturn caused by the COVID-19 pandemic. This unprecedented situation has resulted in a significant reduction in my income and a strain on my ability to meet my financial obligations. As a responsible borrower, I understand my obligation to fulfill the terms of my credit card agreement. However, given my current circumstances, I kindly request that you consider offering me a lower payment option that is more manageable for me during this challenging time. This would greatly alleviate some of the financial burden I am currently experiencing. I believe that by working together, we can find a mutually beneficial solution. Lowering my monthly payment would allow me to continue making regular payments on my credit card account without compromising my ability to meet other essential expenses. It would also help me in rebuilding my financial stability and eventually returning to meet my regular payment obligations once my financial situation improves. I assure you that this request is not made lightly, and it is with sincere hope and appreciation for your understanding that I approach you today. I value my relationship with your reputable credit card company and have always strived to maintain a positive credit history. This temporary financial hardship does not define my financial responsibility or commitment to honoring my obligations. Should you grant my request for a lower payment option, I promise to make prompt, regular, and consistent payments to the best of my ability until my financial circumstances improve. I understand that any adjustments made will be subject to your company's policies and guidelines, and I am willing to provide any necessary documentation or information to support my current situation. I would greatly appreciate your prompt response to this request as I am eager to find a resolution to my current financial difficulties. Furthermore, I look forward to your understanding and support during this challenging time. Thank you for your attention to this matter. Sincerely, [Your Name] [Your Contact Information]
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
