If my father can't pay one of his credit cards ...?

(because they have recently upped his payments astronomically,) will his other credit cards cancel him? He is unclear of what to do?

If my father can%26#039;t pay one of his credit cards ...?

Chances are if you%26#039;re dad%26#039;s payments all of a sudden went up by a rather large amount and he didn%26#039;t have a large increase in his spending on the card he%26#039;s most likely in what%26#039;s called %26#039;default pricing%26#039; this can happen in a few different ways: going over your credit limit, being late on payments on that credit card or universal default (which is being late on other lenders unrelated to this account). A credit card company reserves the right to cancel your card, lower your limits or change your terms and conditions at any time. Generally they don%26#039;t cancel your cards unless you%26#039;re extremely past due on their accounts. I would be more concerned about your father having whats called %26quot;universal default%26quot; Which means that if he%26#039;s been late on one card for payments or gone over his credit limits other credit cards he has may follow suit and up the interest rates on their cards as well even if he%26#039;s been paying on time. The best thing for your father do is to contact the credit card company who%26#039;s payments have increased substantially and ask them why? If it is because of higher interest rates have him negotiate with them. As another person mentioned if he%26#039;s missed payments due to job loss, or health concerns etc make the company aware of such things. If they know an unusual situation is taking place and that it%26#039;s not due to irresponsibility they%26#039;ll be a lot more likely to assist him.

If my father can%26#039;t pay one of his credit cards ...?

I don%26#039;t think so. Can he transfer the balance to another one of his cards to get a more reasonable rate?

If my father can%26#039;t pay one of his credit cards ...?

I%26#039;m not clear why the CC company upped his payments. One thing he can do is to call the company and negotiate better interest rates with them. If he%26#039;s had a medical condition or lost his job or had a recent loss of income for some reason, tell that to the CC company. They need to feel that he is going to stop payments altogether in order to negotiate this with him. He needs to be firm with them that he wants to make good on his debt, but needs their help by lowering interest rates or monthly payments in order to do so.

The other CC companies may have policies similar to this one so he needs to review their policies on interest rate changes. It may be beneficial to have him look into a debt consolidation loan.