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Credit Card settlement?
danielsawyers
Posts: 5 Forumite
in Credit cards
I wonder if anyone can help me with some good advice. I have been paying off a credit card for many years and don’t seem to be getting very far in clearing the debt. My recent financial situation has declined and I do not want to default on the credit card company (MBNA) and do not want to involve a credit settlement agency as I would prefer to resolve this matter myself. I would prefer to offer them a discounted settlement relative to the debt and what I can afford. Could anyone please give me advice on how to go about it or if this possible at all?
Kind Regards
Daniel :j
Kind Regards
Daniel :j
0
Comments
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Well, as you say in your other post that you have the money to pay it off, here's a novel idea: pay it off!0
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They normally won't entertain a settlement figure until you miss payments and default on your agreement trashing your credit for 6 years.0
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