Yes, I have noticed that creditors are starting to slowing come to the realization that something is better than nothing. Still I find that much like mortgages, they are not willing to work with consumers much at all if they are current on payments.

If a consumer acts fiscally responsible and notifies their creditors that they are about to fall behind and would like some assistance before that happens, they are basically laughed at. However, if they don’t make their payment for a few months, the creditors are more willing to work something out. It is sad, but true.

As much as this might not seem to make sense, the reasoning behind it for the credit card companies, is if they made it easy for people to call up, give them a hardship story and get a better interest rate, then every one of their customers would be doing it.

So they are usually not willing to help unless they feel that it is absolutely necessary, and they usually don’t feel that until they haven’t been paid for a few months.
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