Posts Tagged Ch 7
if you stop paying your credit card bill, will the bank negotiate a lower pay-off amount with you?
Posted by admin in Credit Cards on December 29th, 2009
natona asked:
Would it make sense to do this instead of filing Ch 7 bankruptcy?
My friend told me she stopped paying her credit card bill and they finally negotiated her balance down to $1200 from $8000.
I’m considering filing ch 7 bankruptcy anyway which would obliterate my credit..
Would this be a BETTER option?
Is it worse or better for your credit?
Would it make sense to do this instead of filing Ch 7 bankruptcy?
My friend told me she stopped paying her credit card bill and they finally negotiated her balance down to $1200 from $8000.
I’m considering filing ch 7 bankruptcy anyway which would obliterate my credit..
Would this be a BETTER option?
Is it worse or better for your credit?