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...
a debt management company that specializes in negotiating credit card settlements. See Resources for link. Be aware that these companies charge fees for their service. In many cases, the fees are 20 percent to 25 percent of the savings that they can give you. For example, if you have a de...
How to negotiate with credit card companies Before negotiating with a credit card company, explore all options for your goals. You might be able to get a better deal elsewhere. Or, at the very least, you’ll know about alternative options in case the issuer isn’t willing to negotiate. ...