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Yes. Proactively calling your creditors to explain your situation can sometimes lead to hardship programs. They may offer temporarily reduced interest rates or lower minimum payments, which would provide immediate relief to your PTI.
You can calculate it yourself by adding up all your credit card balances and dividing by the sum of all your credit limits. Your credit card statements and online accounts clearly show your current balance and credit limit for each card. Many free credit score apps and websites also display your overall utilization ratio.
If denied, ask the representative to explain why and what other options might exist. You can also seek help from a non-profit credit counseling agency, which may be able to negotiate a Debt Management Plan (DMP) on your behalf.
Most hospitals and providers offer interest-free installment plans. Always ask about this option before using credit cards or loans.
The goal is not to get a new card for spending, but to find a product that reduces the interest burden on your current debt, simplifies payments, and helps you create a clear, faster path to becoming debt-free.