Apparently credit card companies are realizing that they’re the first to go when it comes to paying off bills for income-challenged consumers. Since so many consumers are struggling, there is a new “Help With My Credit” campaign along with a website and toll-free number to deal with the mounting losses from defaults on credit-card payments. Several of the credit-card companies are on board.

They want people to understand “the assistance and options that are available,” said a spokesman for [1] Help With My Credit.  Callers to 866.941-1030 might be able to negotiate lower fees, extended payment plans or make other agreements. The Help With My Credit campaign is available to make more consumers aware of their possible options.

Obviously the credit card companies want to get paid; thus, as a consumer, I see this as a way for consumers to possibly get some help along the way.

It seems like such a good idea, I’m wondering why more mortgage lenders aren’t doing the same?