Credit card debt

Nasqueron

munchkin_1603 said:

I was reviewing the details about SAR letter and dealing with credit card debt. 

Check Mate The Matrix on TikTok, concerning credit card debts being passed onto a collection agency,  sending them a SAR letter to clear or reduce the debt?

TikTok is not a place to get financial advice - the people on there claiming you can wipe the debt by doing "this one simple trick" are lying to you - there is no magic wand to get rid of your debt

born_again

munchkin_1603 said:

Can any one suggest the best way forward to reduce the debt owing,  what is the best way to approach them.  I understand that I owe them but would like to see if there is any opportunity to negotiate a overall reduction that is manageable to repay.

In reality there is not. Other than paying towards the debt.
You can offer them a payment plan based on what you can afford. But that does not reduce the debt. Best post a SOA on debt board, for some advice.

Some may offer a settlement figure, but that will be further down the line. Even then they may not offer one & just go for a CCJ.