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Repayment discounts
rharris1110
Posts: 1 Newbie
in Credit cards
Hi there, I’ve inherited some money and am looking to pay off some debts, I would like to ask creditors for discounts if I clear the debt and I’d heard Martin Lewis has a list of companies and what % discount they will offer, does anyone know where this list is as I’m struggling to find it.thanks you in advance for your help
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Comments
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Lenders such as credit card companies may be willing to offer settlement terms but only on longstanding debts where the debtor has a history of failing to keep up with repayments, i.e. where there's considered to be a genuine risk of not getting their money back in full.0
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Are you in default with them currently? If not forget it, they will want full repayment... I guess wanting back all that they are owed, when they think you are managing repayments without issue, shouldn't come as a surprise!
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