Quick Tip: As financial anxieties rise, credit card companies may be able to help you avoid late fees

Sunday, August 9, 2020
CHICAGO (WLS) -- Worried about late fees on your credit card? You may be able to avoid it.

A new survey suggests an overwhelming amount of people are worried about making the minimum payment on their credit card during the pandemic.
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According to CreditCards.com, 79% of credit card holders are concerned about making the minimum payment due to the COVID-19 pandemic or job losses.

This as the federal $600 unemployment money is expiring, and fears are even higher.

If you are having trouble paying your credit card, you should call your card provider immediately.
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Don't ignore or put it off, experts say.

Your credit card company may be able to work out an arrangement where you can skip payment without a late fee or they may even lower your interest rate.
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