Give a counteroffer to the credit card company. If your balance is $5,000 and they offer you $3,500 as a settlement offer you should counter with $2,000 or $2,500. The credit card company will probably accept your offer because they fear that they may not get anything. If you feel...
Credit card debt is one of the main problems facing people all around the country, and the Chase credit card is one of the most commonly used. The high interest rates, coupled with diminishing wealth during the economy downturn, debt is rising at breakneck speed. Today, people owe more on ...
With a history of on-time payments and good credit scores, you have more debt-payoff options — even outside of the obvious choices such as getting a side job, selling your stuff, borrowing from a loved one, etc. Here are a few to consider: A credit card balance transfer This option...
IF I NEGOTIATE A PAYOFF, WILL IT HURT MY SCORE?The article presents an answer to a question about negotiating a cash settlement with a card issuer to cancel credit-card debt without ruining one's credit score.GoldwasserJoanKiplinger's Personal Finance...