Making only the minimum credit snough payment every month can lead to a financial disaster. Find out how to solve the problem before it becomes a catastrophe. And most consumers take advantage of. That means that more than half of us are chasing a balance month-to-month. Maybe you unexpectedly lost a job. Or suffered a medical emergency that requires a few days in the hospital. This might feel like the time to push the panic button and take drastic measures like debt settlement or declaring bankruptcyehough slow. There are ways to lower your credit card payments and maybe even stop paying credit cards legally. Credit card companies make money by keeping customers, not by chasing them down to get court settlements against. They will take your call and try to work with you. In as few words as possible, tell them how you got in trouble and how you plan to get. Ask for time and clemency — please waive late fees while I get my act together!