Legal Question in Credit and Debt Law in Maryland
credit cards
How can we hold our creditors off from charging us high intrest rates and payments untill we sell our home and pay them off with out ruing our credit , etc.
Asked on 6/03/07, 10:07 pm
1 Answer from Attorneys
Alton Drew
Alton Drew, LLC
Re: credit cards
Why do you think your creditors want to charge you a higher interest rate? The best way to hold them off from charging a higher rate is to keep making the scheduled payments. If you forsee near term problems with paying them, you have two courses of action: contact them and explain the hardship. Some creditors, for a small fee, have programs that allow you to stop making payments for a period of time. The other option is bankruptcy.
Answered on 6/03/07, 10:46 pm
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