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Credit card debt
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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 debtmunchkin_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?Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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In reality there is not. Other than paying towards the debt.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.
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.Life in the slow lane0
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