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When paying off a credit card does it hurt to do a settlement exception?
Wiki User
∙ 15y ago
Yes, they will note on your report that this debt was "settled" This does not affect credit score but will catch the eye of any lenders looking at your report.
Wiki User
∙ 15y ago
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What is a settlement?
A settlement (given the category of the question) - is paying off the whole outstanding balance of a loan, overdraft or credit card.
Can I get an out-of-court settlement on my credit card?
It is possible to get an out-of-court settlement for a credit card. Credit card companies and collection agencies offer a variety of payment and settlement options for the debtor.
How can one get a credit card settlement?
For one to get a credit card settlement, you would need to be far enough late in your payments for your credit card to consider settlement. If you are late, you would call and make an offer.
What if you want to pay your credit card off will they lower your balance?
Usually not. Agreeing on paying offf a lower balance is knowing as a settlement. This will afffect your credit score neg.
Will a credit counseler help you get a debt settlement on your credit card?
A credit counselor may be able to help you get a debt settlement on your credit card. It will depend on if the counselor only gives you ways to get out of debt or if they are a settlement counselor.
What is a settlement?
A settlement (given the category of the question) - is paying off the whole outstanding balance of a loan, overdraft or credit card.
Can I get an out-of-court settlement on my credit card?
It is possible to get an out-of-court settlement for a credit card. Credit card companies and collection agencies offer a variety of payment and settlement options for the debtor.
How can one get a credit card settlement?
For one to get a credit card settlement, you would need to be far enough late in your payments for your credit card to consider settlement. If you are late, you would call and make an offer.
What if you want to pay your credit card off will they lower your balance?
Usually not. Agreeing on paying offf a lower balance is knowing as a settlement. This will afffect your credit score neg.
Will a credit counseler help you get a debt settlement on your credit card?
A credit counselor may be able to help you get a debt settlement on your credit card. It will depend on if the counselor only gives you ways to get out of debt or if they are a settlement counselor.
Can a credit card defaulter get house loan after the credit card debt settlement?
yes
Can you sue your absent husband for not paying a credit card he borrowed money on from you?
Can you sue your absent husband for not paying a credit card he borrowed money on, the credit card is in my name only?
What are the specifics of credit card debt settlement?
You should get a hold of a debt consolidator who will then go to bat for you with your credit card companies. They will work out a settlement that can be agreed upon by both the credit card company and yourself.
What are the disadvantages of paying with a credit card?
they smell
Is paying the minimal on credit cards considered a sign of credit trouble?
Paying the minimum amount due on credit card is not necessarily a sign of credit trouble because it actually makes the credit card account current.
If a relative dies and you were paying their credit card debt for them and you are an authorized user of that card are you then responsible for paying off that card debt balance?
No.
Is paying off your credit card bad?
Only if you OWN the credit card company. Credit card debt is a silent killer. Make the choice to carry ZERO credit card debt.
