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Can I negociate with Card Companies
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DeltaLima
Posts: 1 Newbie
in Credit cards
I have total C Card debts of £28,000 and a family member has loaned me on a long term basis £20,000, can I negociate with the companies for them to accept less than the total owed and close the acct
0
Comments
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Depends on how much you value your credit worthiness, if you go down this route will be ruined for next 6 years. The credit card companies will probably be very reluctant to write off £8k as well if it appears you have the means to make a lump sum payment of £20k.
They will only normally consider an offer as well if you are already quite in arrears.0
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