Is it possible that if you do no pay your credit card for a while..the credit card companies slash your debt? - no credit check credit cards
I am in debt $ 4000 credit card ... What would be the best option for me .. I am also in a difficult financial situation.
No Credit Check Credit Cards Is It Possible That If You Do No Pay Your Credit Card For A While..the Credit Card Companies Slash Your Debt?
3 comments:
The credit card companies are in business to make money. You do not want the debt, just because you reduce done for some time. You owe the entire balance and you will receive.
If you have trouble with their credit card, consider a credit counseling service at the NFCC: http://www.nfcc.org/. They are not reliable, non-profit company, the programs for debt service for a small fee. You do not pay their debts. They negotiate lower interest payments so you can pay your debts. If the program is completed, you have a decent credit.
The only time a corporate credit card is slash its debt "if they agree to accept less than the balance, to get their books. They do not accept any offer less what you owe me.
If they are to accept $ 2,500 instead of $ 4000 to agree, they will keep writing and to pay (you have copies of everything). You, note the 1500 $ you will not pay for a 1099-C for 1500 and yes, it is taxable income problem.
Slash your debt? You gotta be kidding. It will raise interest rates, by his fault. If you do not pay, you will have a prior judicial decision, followed by a garnishment of wages until the debt has been decommissioned.
Best? Contact the card issuer must comply with the attempt at a reduced current in their payments and interest rates. Do you understand that these people are issuers of credit cards, but not love.
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