Missed Credit Card Payment? 5 Critical Credit Card Facts To Check First

What Are The Top 5 Questions To Ask If You've Missed or Made a Late Payment On Your Credit Card. Rob recently emailed me, I imagine after watching our CREDIT CHECK-UP™ Videos on YOUTUBE.com.


Rob missed his first Credit Card Payment ever. Another payment is due Monday and things aren't looking good [for now]. Rob is "totally freaked out" - and understandably so.

Rob wrote, "Here is what I want to try to do: Pay the interest due on all our cards on time until if/and or when things get better. My spouse feels we can't take the chance of spending the last of what we have put away to do that. However my feeling is we will have to pay them ANYWAY. Bankruptcy is NOT an option! So we can AT LEAST show good faith by paying SOMETHING, WHATEVER WE CAN SPARE to each credit card on time during this down turn."

My first reaction was to answer Rob's question with my personal opinion. But doing that would have been a BIG mistake on my part. Why? Because Rob hadn't given me enough information to develop a an adequate Debt Battle Plan.

So below are the 5 Critical Questions that I asked Rob about his Credit Cards. Everyone with Credit Cards will find these questions helpful.

1. What kind of cards do you have? Rewards / Perks or regular cards?

2. What is the minimum payment for each card?

3. What is the APR (interest rate) of the cards in question?

4. Are any of your balances do to ATM withdraw, Cash Advance or Promotional Rate Checks?

5. Have you asked for the credit card company to lower your Interest Rates before?

We are Debt Warriors! Don't be scarred! Be prepared!
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SETTLE YOUR DEBT FOR YOURSELF!
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DEBT WARRIORS™ are not Attorneys. The information on this blog, should not be considered legal advice. Please consult an attorney for legal advice.
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