Most Arkansas consumers have probably found themselves struggling to pay their bills at one time or another, whether it was a temporary or long-term situation. Being unable to pay bills seems like a hopeless situation, but there are some options consumers can take to try to work with creditors. When it comes to credit cards and the inability to even make the minimum payment, being proactive and communicating with the creditor may prevent a credit card lawsuit.

There are several things consumers can try in order to make their minimum payment. Finding a source of extra cash is one way, whether it means selling some items, returning recent purchases or picking up an odd job here and there. If this seems likely to become a long-term issue, getting a second job or asking for a pay raise might be necessary.

If obtaining extra income is not possible, it may be more beneficial in the long run to communicate with the credit card company. Consumers who have a good track record might be able to negotiate a modified payment or due date extension. Making even a partial payment is typically better than paying nothing, and credit card companies usually benefit more by working with consumers than turning accounts over to collections.

Once consumers have reached the point where it is difficult to make the minimum payments on their credit cards, they may benefit from maintaining a budget and evaluating their spending habits. This may avoid a credit card lawsuit that could result in wage garnishment, liens and repossession. Anyone in Arkansas facing such a situation may find it beneficial to learn more about their options. In many cases, filing bankruptcy will put an automatic stop on any legal action taken by creditors, and it may offer a fresh financial start for those who are overwhelmed with debt.

Source:, What Should You Do If You Can’t Make Your Credit Card Payments?, Lindsay Meredith, Jan. 18, 2014