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Can you negotiate a lower payoff on a credit card debt? |
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The company/bank may be willing to negotiate a settlement to avoid the consumer filing bankruptcy. Or perhaps to avoid pursuing legal remedies to collect the debt. They will not consider a settlement if the consumer is simply asking to pay less than the full amount. For obvious reasons.
First answer by Nikki. Last edit by Nikki. Question popularity: 50 [recommend question]
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