Do credit card hardship letters work?
A letter more than likely will not be enough to resolve any credit card debt problems you may have, but they are good tools to start the negotiation process. Find a few examples of credit card hardship letters. Click here. Also keep in mind there be a negative impact to your credit score as if the credit card company modifies the terms of your account and if they do go ahead and report to the credit bureaus that you’re paying less than the original amount on your debt, or if you are paying according to an altered set of terms, your score could be lowered. However, that lowering of your credit score is always better than the hit to your score if you do not pay at all.
