: Enrolling often results in your account being closed or your credit limit being significantly reduced to prevent further debt.
: Some creditors require a formal hardship letter explaining the cause and expected duration of your situation. Important Considerations best buy credit card hardship program
: Some programs may include the suspension of late or over-limit fees. Eligibility Requirements : Enrolling often results in your account being
: Citibank may lower your APR, which is often near 30% for retail cards, for a set period (typically less than 12 months ). Eligibility Requirements : Citibank may lower your APR,
: Be ready to provide a detailed list of your monthly income and expenses.
: Monthly minimum payments are often reduced to fit a stricter budget during your hardship.
The is a temporary repayment plan offered through Citibank (the card issuer) to help cardholders facing significant financial distress . Program Details & Benefits