Debt Negotiation Advice
Can I negotiate my credit card bills down?
Well, I'm caught up, paying the minimums, and following Oprahs debt advice to pay off the smallest ones first. At this rate, we'll be out of debt in a year or two, but if I'm going to be scrimping and saving like this, I'd like to get something out of it. I hate giving the money to the credit card companies. Is there any way to negotiate them down? Not just the interest rate, the actual balance. I've heard that if you stop paying them, they are more willing to negotiate, however, we just got back on track, and I don't want to off again. Any ideas? Experience? Appreciate it, thanks. Actually they are my husbands credit cards, my mistake was in marrying an over spender, if you have credit cards you know they are mostly interest anyway. thank ecerybody! Those credit settlements, didn't that ruin your credit? Do you feel that it was worth it as far as improving your credit in the long run, and your ability to buy a house sooner than before the settlement?
Public Comments
- You borrowed the money. Pay it back. Why do you think you're entitled to not have to repay your debts?
- How much do you have to pay back? The best way is switching to a credit card company that offers very low interest rate and you have to STOP borrowing. The other option is negotiate with a bank and get a loan from them, it's cheaper. More tips can be found at http://info.lifequery.com under "Credit Repair" or "Debt Relief".
- You cant but there are credit services that can ,look in your area and see if they exist some states dont have them . check under credit card consulars
- Well I tried working with the CC companies and they wouldn't. I went to a credit counselor and she did it for me..worked out great too.
