We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Paying off a credit card balance.
Stevienev
Posts: 1 Newbie
in Credit cards
Hello. I have the opportunity to pay off three credit card balances. I have always paid my minimum monthly payments on time and I have a very good credit score. Is it worth asking the credit card companies if they would take a lower settlement figure or would they not do a deal as I'm not regarded as a risk.
Thanks. X
Thanks. X
0
Comments
-
No. You would need to start missing payments and trash your credit file first.
The time to ask for a discount was when buying things.0 -
Settlement figures are for those that are financially distressed and are offered on the basis that it is better for the financial institution to achieve a lump sum than collect very small payments over an extended time period.
Unless you are in financial trouble there is no chance of them allowing you to pay only part of what you owe.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards