Coronavirus Cash Crisis: What Should I Ask My Credit Card Companies?

The video discusses strategies for managing credit card payments, emphasizing the importance of understanding payment options and the potential impact on interest and credit scores. It highlights the reasons credit card companies might offer flexibility and advises reaching out to creditors proactively to discuss payment arrangements.

What should you ask your creditor regarding payment flexibility?

What are some options you can consider if you are unable to make a full payment?

What might happen to your credit score if you skip a payment?

Why might a credit card company agree to a smaller minimum payment?

What is the recommended approach when dealing with creditors before a payment issue arises?