What is the best way to relieve myself of bills I can no longer pay?

1 Answer

Answer :

Try doing your own negotiating instead of paying someone else (a credit counseling service) to do it for you. My understanding is that given the current climate, many credit card companies are willing to reduce the total balance if you are able to pay some of the balance in cash immediately. Be firm in what you can and cannot do. I believe cc companies appreciate customer initiative to resolve payment issues. I’m pretty sure if they initiate the call, it originates from an entirely different department with an entirely different methodology.

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