Credit Card settlement

daddycoolio

Can I expect a credit card company to give a discount if I settle the debt. For example, if I owed £15000 and offered them £12000, will they accept that or just refuse the offer.

McKneff

i think they only do this if you havent paid and are in major arrears.

jonesMUFCforever

Why do you think that they should offer you a discount?

daddycoolio

to allow a conclusion to a badly used credit card

izools

If the account has defaulted, yes. If not, no.

Don't pay any Full & Final Settlements without getting it in writing from them that they accept it to settle the debt. And don't accept a letter of acceptance if they mention acceptance of your money "Without Prejudice".