What should I do if I cannot afford to make credit card payments?

If you are unable to make credit card payments due to financial hardship, Florida law offers some options for resolving the problem. The first step is to contact your credit card issuer and negotiate a payment plan, such as a reduced interest rate or a payment deferment. You can also ask the issuer to forgive any late fees or to reduce your overall balance. If you are unable to reach a satisfactory agreement with your credit card issuer, you can reach out to a credit counseling service. A qualified credit counselor can help you develop a payment plan that fits your budget and works for both you and the credit card issuer. You may also be eligible for additional financial assistance, such as debt consolidation or a loan modification. If you are contacting a credit counseling service, it is important to be aware of any potential risks or fees associated with the service. You should also research the provider before signing any contracts. If none of the above options is suitable, you may be eligible to dispute any charges made on the credit card and ask the issuer to reduce or forgive the debt. According to Florida law, you have up to four years to dispute a credit card charge. To be eligible, you must provide evidence that the charge was fraudulent, or that the goods or services were not as described.

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What should I do if I cannot afford to make credit card payments?

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