Wait for the offer from the credit card company. If it looks like you don't have any resources at your disposal they will offer you a settlement which may be substantially lower than your outstanding balance. We Recommend Personal Finance How to Negotiate Your Car Payoff Balance Personal Financ...
Negotiating credit card debt is possible for different circumstances. But depending on your situation, pros and cons may exist. Explore the potential consequences.
Credit card companies may settle for anywhere from 10% to 50% of the amount owed. It depends on several factors, including the credit card company and how delinquent the balance is. It's better for your credit score to pay debt in full, because it will be reported as paid, and not se...