How do I get out of a high interest credit card where they will not take a pay off?

Answer 1

Transfer your balance to another card. However, you are allowed to pay down to zero dollars. Make sure you are applying the correct payment amount. You could also try calling your credit card company and closing the card. This should expedite the process and helping you definitize the amount you owe

Answer 2

Credit card balance transfer is a process by which we can transfer our outstanding balances on a credit card (which are generally at high interest rates) to a low interest rate credit card.

Balance transfer has some good advantages let us look at a few of them.

Balance transfer is one of the best methods to get rid of that credit card debt. When you transfer balances all your outstanding balances are wiped out and transferred to new credit card.

Depending on what deal you get on the balance transfers the new interest rates on transferred balances could be 0% or a low rate for a particular period. The ideal situation should be to get all the balances cleared within this low interest rate period. Read more from: http://www.credit-card-gallery.com/credit_card_balance_transfer.html

Answer 3

Balance Transfer: Use discretion before going for balance transfer. Credit card companies have understood that smart debt managers are using various strategies to benefit from 0% interest periods. Before applying for one, ensure you have found out the following details:

Balance transfer fees: Find out if you have to pay any extra fees to switch over your credit card balance. These fees can be as steep as 2% of the amount transferred. Failure to note this fact can result in paying fees that are more than the normal interest charged.

Answer 4

I am a little unclear. If they are not taking any payments, did it go into collection. Maybe you have to contact the collection agency now who is handling it. Other wise any credit card would take any money on the card to pay if down or off. There are no pre payment penalties on credit cards.

Answer 5

Transfer your balance to a lower rate card. Here is a list http://www.ccvault.com/credit_cards/balance_transfer.php

good luck

Answer 6

Get a card somewhere else and transfer your balance.

What do you mean, they won't take a payoff? They won't take less than you owe? They have that right. But if you pay in full, I don't see how they can stop you.

Answer 7

Sometimes they will lower their rate if you threaten to move your balance to another card. Depending on how much you owe, you may be outta luck.

Answer 8

Never heard of such a thing. At any rate I surely would not use it anymore for anything.