What happens if I can't afford to pay my credit card debt?

If you cannot afford to pay your credit card debt in North Carolina, there are a few different options available to you under the Credit Card Dispute Resolution Law. One option is to contact your credit card company and request a payment plan. This is when you agree to pay off your debt in smaller, more manageable payments over time, which can help you avoid defaulting on your debt. You can also try to negotiate with your credit card company to reduce the amount of debt that you owe. If you are unable to make payments at all, you should contact a debt relief organization to explore options such as debt consolidation, debt settlement, or filing for bankruptcy. These organizations can help you work out a repayment plan with your creditors that is tailored to your financial situation. Ultimately, if you are unable to pay your credit card debt, it is important to contact both your credit card company and a debt relief organization to discuss your options and determine the best course of action.

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What happens if I can't afford to pay my credit card debt?

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