Most people are unaware of the fact that many creditors are willing to negotiate with their borrowers to reach a payment plan that will work for them. All they see is the mounting late payments when they fall behind and believe there's no hope but to pay up or default. There is a third option, which begins with calling your credit card company's customer service representatives. Just letting them know that you are facing a job layoff, medical problems, or other financial strains and needing a reduction in interest rates or payment amounts may be as simple as asking for it. In other cases, you may need to enlist the services of credit counselors or debt negotiation services to speak for you. If they are a non-profit organization, you may face small fees and expert negotiation that will help you manage your debt. But be careful of those who may charge large fees and be inconsistent in how they manage your debt negotiation needs. You can always contact a debt negotiation attorney who will charge less than the self-serving companies in it for a quick profit.