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Wednesday, April 24, 2024  
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A miracle with MAP credit card

Scott Bilker Scott Bilker is the founder of DebtSmart.com and author of the best-selling books, Talk Your Way Out of Credit Card DebtCredit Card and Debt Management, and How to be more Credit Card and Debt Smart. Receive the 5-Year Loan Spreadsheet when you subscribe to his email newsletter.


Share this with your readers. I just cannot believe that the credit card company will work with me.

I have a Marathon Pet Credit Card (MAP). My balance is $1,093.92. I am self-employed and between customers right now. I just didn’t have the extra $118 to pay the card, so I did nothing. Cash wasn’t there. I avoided the MAP calls. Since I had to cut staff, I am the only one in the office, the only one to answer the phones.

A lady with a very nice and regular kind of Josephine voice called. She is with World Bank. I flat out and nicely told her that I could not pay the $488 they were demanding but I could pay $50 per month. She rolled out a program for me that will help me for the next 6 months. It may not be the best, but when the cash isn’t walking in the door, it works.

I was put in a six-month hardship program. The late fee is being removed. The interest is lowered to 2%. I am to pay $25 monthly, if I am able to pay more during the six months, I will come out ahead. She rolled back a late fee and another fee bringing my balance to $1,058. I won’t be able to use the card–I haven’t anyway.

I can make payments over the phone at no charge for this time period. After 6 months, things revert back to normal.

For me this is miraculous.

I asked her why more companies don’t do this. SHE TOLD ME; “You have to ask. Tell them that MAP put me on a hardship program, is charging 2% on the interest, eliminated a late fee, and is letting me pay $25 per month until I get back on my feet.

Scott, the breathing room was all I needed. This is doable. Just want you to share this….

OH, BTW….I realize that this is a blessing. I also know that I will snowball the card to bring down the debt. I don’t plan to just pay $25 per month only for December and January, though, it works.


This entry was posted in Credit Cards, Debt Management, Free Content Library, Inspirational. Bookmark the permalink. Read more articles by Scott Bilker. (Also see articles by all authors and articles in all categories.)

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