Make an offer on your outstanding debts.

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nickbrix Posts: 1 Newbie

14 July 2010 at 3:27PM in Debt free diaries

If you have the possibility of borrowing money from family or selling off some unwanted assets. You can offer 50% of what you owe to your creditors and they will probably accept. I did this with 3 creditors, 1 credit card company,and 2 banks. They all accepted 50% of what I owed. Saving me a lot of money and years of repayments.

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Make an offer on your outstanding debts.

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