I just called one of my credit card companies to check on some account discrepensies (all is fine, thank goodness!) and asked about lowering my payment plan and APR. After taking my information, the (very pleasant) woman on the other end of the phone exclaimed, “Your monthly income is negative!”
I said, “Tell me about it; why do you suppose I’m asking to reduce my payments and APR?”
Long story short, because my monthly income is negative, I don’t qualify to have my payments and rates reduced because “I can’t afford it.” Say what?