What should I do if I can't pay my credit card bills?

What should I do if I can't pay my credit card bills?

Well if you're really having trouble paying the car payment, making the mortgage payment, you know, making even the minimum payments on your loans, first of all, you certainly want to keep up the payments on the things that are really critical, like for example the mortgate, you know, you definitely don't want to lose the house. So what this means is doing a little bit of triage here and getting money from wherever else you can, cutting expenses from wherever else you can so that you can make the payments on the things that are really critical. Then things like credit cards, which are less critical. You can call up your credit card issuer and say, "Look, you know, I'm having trouble paying my loans or I'm having a little bit of trouble right now. Is there something you can do for me? Can you cut my interest rate? Can you stretch out the term of the loan?", that sort of thing. But there are certain things that you can ask your creditor to do and they may be very willing to do this because, again, they'd rather have you paying off your debts than not paying off your debts.