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Making offer to CC Companies?
Glasgowboy
Posts: 3 Newbie
in Credit cards
Hi
I am trying to find the answer to this question:
I owe 33K on 7 credit cards and one Bank loan.
ranging from 10k to Egg card down to £2k on an AMEX
I can get a loan from a friend for 20k in Cash Shortly and was wondering is it even realistic to think i can make offers to clear these cards and loan with the amount in Question?
Failing that i think i will go for a trust deed and imagine with this the Card companies will receive much less over the 3 year term of the Trust deed.
Are companies accepting of such deals AND would the deal be a full and final payment showing on the Credit Score as just that?
Many thanks in advance
Martin
I am trying to find the answer to this question:
I owe 33K on 7 credit cards and one Bank loan.
ranging from 10k to Egg card down to £2k on an AMEX
I can get a loan from a friend for 20k in Cash Shortly and was wondering is it even realistic to think i can make offers to clear these cards and loan with the amount in Question?
Failing that i think i will go for a trust deed and imagine with this the Card companies will receive much less over the 3 year term of the Trust deed.
Are companies accepting of such deals AND would the deal be a full and final payment showing on the Credit Score as just that?
Many thanks in advance
Martin
0
Comments
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Either way your credit report is screwed for 6 years so it would be best going bankrupt this way it's still 6 years and you won't have to pay a penny back.0
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