Does anyone have experience with negotiating lower minimum payments with credit card companies? I am living in another country and don't intend to go back to the US for several years. I am going to change my job (next month) to one that pays a much lower salary but has a more secure future than my current position. In two years my partner will be finished with University and earning a good wage, allowing me to concentrate on paying off my debt in the States. In the meantime, I have stopped using my cards and just need to "tread water" until we have two incomes again. We've trimmed our budget as much as possible, but my concern is that, given the lower salary and fluctuations of the exchange rates, I will not always have the sufficient amount of money to meet the minimums. My thoughts are to contact at least some of my CC companies, explain my situation, tell them I intend to pay the debt in full but just need some leeway for the next two years. Any suggestions? Thanks.
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