credit card?
Jan 02, 2009 in
Credit
me2
I am about to enter a a debt management program for one of my credit cards. The say that they can negotiate a settlement. My question is can I do that on my own? Will the credit card company listen to me? or do I need to let the management service handle it?
I am about to enter a a debt management program for one of my credit cards. The say that they can negotiate a settlement. My question is can I do that on my own? Will the credit card company listen to me? or do I need to let the management service handle it?
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2 comments
Heaven Lee on January 4, 2009 at 4:13 pm
Yes, you can!! Call them up and offer them 70 cents on the dollar. Make sure you get EVERYTHING in writing, their acceptance and when it is paid in full.
M K on January 5, 2009 at 2:48 am
For one credit card you can do it yourself. If you can pay the whole thing off it looks better on your credit report. If it is a large bill you can call and negotiate it down. I had a large bill once and I was able to knock 40% off the balance. Even though it looks best on your credit report to pay the whole thing off you can save a lot of money.