2006-07-14 07:58:06 · 3 answers · asked by pimpila 1 in Business & Finance ➔ Credit
If you are paying on an old debt than most companies will make a deal with you. They will have to sell your debt off for their profit of .30 on the dollar if you dont pay them, so alot of companies are more than willing to take 50-60% of what you owe them providing it is paid cash and now.
If you are just trying to pay down/off a ccard than the only way for them to make a deal is if you threaten to leave. Then you might be able to get a 0% apr or no annual fee etc...but you have to speak to a supervisor and they usually can not "wipe out" any charges.
2006-07-14 08:05:07 · answer #1 · answered by Anonymous · 2⤊ 0⤋
An "accredited" credit counseling service can do this for you and get the interest costs lowered too. Some are not legit so be cautious when choosing.
2006-07-14 15:02:12 · answer #2 · answered by ♥ jojo ♥ 4 · 0⤊ 0⤋
Call the credit card company and be honest ith your situation. If you're totally unable to pay, they may be willing to do something for you. If you just don't want to pay, there is nothing you can do, you have to pay it.
2006-07-14 15:55:54 · answer #3 · answered by dougzinboston 4 · 0⤊ 0⤋