This article was co-authored by Kim Bates and by wikiHow staff writer, Jennifer Mueller, JD. Kim Bates is an Enrolled Agent and the Founder of Central Florida Tax Services in Orlando, Florida. Established in 2007, Central Florida Tax Services is a full-service virtual tax firm specializing in taxpayer representation before the Internal Revenue Service, with a focus on payroll tax issues. With over 20 years of experience in tax and financial matters, Kim has handled everything from small tax controversy cases of unfiled tax returns to complex international audits. She has obtained the Enrolled Agent designation offered by the IRS and is also a certified Notary Public.
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Credit cards may be convenient when you need them, but you can also get in a situation where you are no longer able to make the minimum payment each month. As your balance builds up, so will the interest charged. Before long, you may find yourself in a hole. Fortunately, there is a way out. In many situations, your credit card company will work with you if you write a letter asking for a reduction in your credit card interest rates.