When you are drowned in deep credit card debts, don't be surprised when your banks or card providers are willing to negotiate with you to solve your financial issues.
In fact, you can negotiate with your creditors on everything from interest rates and fees to payment plans.
Below are some useful tips to assist you to negotiate your debts in an easy way.
  ·        If you have been making payment on time all the while, you should ask for a lower interest rate (usually 2% below the national average) from your creditors.
It is always worthwhile for you to call or write in to your creditors to request for interest rate reduction.
You can save a lot of cost.
·        If you are not able to afford the monthly minimum payment, you may try to negotiate with your creditors to reduce the monthly payment and extend the terms of payment.
By doing so, you will not affect your credit ratings.
On the other hand, if you are unable to make payment for several months continuously, you should discuss with creditors to set up a payment plan which you are affordable.
·        However, if you have a lump sum of money in your saving, you are advised to offer settlement to your creditors.
You can negotiate with them to pay off your debt at a lower amount agreed by both parties.
If you are a good negotiator, you can close the deal by paying 25% of the total debt.
·        If you are not good at bargaining, don't worry; seek for an experienced and reputable credit counselor to work out a fair deal for you.
As a conclusion, credit card debts can be negotiated if you use the right techniques.