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They won't reduce your debt. However, If you're in difficulties, credit card companies would rather negotiate a lower payment rate over a longer period - than default your account. They would normally try to help a customer than go down the legal recovery route.

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Q: Will credit card companies negotiate down a balance before you default?
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Can your wages be garnished with a double wide loan default?

If you are referring to a mobile home loan default, and there is a deficit balance left after the home is sold, then yes...you can be garnished. Talk to an attorney and see if you can work out the problem, before you give up this home. There is more to this problem than you think! Good Luck.


Is it best to call a credit card company first before accepting a mail credit card balance transfer offer?

The credit cards might have promotions or sometimes even a better offer for you. The need for them to explain all the necessary information is also very important. You can also negotiate the fee of a balance transfer when you call in.


If your credit report shows a repossession with zero balance but 350 dollars is several years past due should you contact the creditor now?

i would be ready to NEGOTIATE the CR part before I called. For such a small amount due, it would be reasonable for Chry to make some kind of adjustment on whats reported to the CRAs.maybe an attorney could negotiate better than you?? good Luck


Can you be sue for default online payday loan in California?

Yes, and they will keep charging you fees for not paying it. No matter what you owe now it would get bigger and they will put a ding on your credit report. The payloan companies are owned by major banks and loan companies. Pay it before you what you owe doubles or triples with charges/fees.


Should you pay off a default loan before or after you apply for a Mortgage?

You should pay off your default loan before because you may not qualify for a mortgage loan because you already owe money.

Related questions

Can you give me a sentence using the word negotiate?

They will have to negotiate the terms of the contract before finalizing the deal.


Does interest continue to accrue on the interest balance after the principle is paid?

Interest on any account is paid before anything is paid on the balance. That's how credit card companies, well any lender makes a profit.


What had the colonists tried to do before declaring independent?

they tried to negotiate


Can your wages be garnished with a double wide loan default?

If you are referring to a mobile home loan default, and there is a deficit balance left after the home is sold, then yes...you can be garnished. Talk to an attorney and see if you can work out the problem, before you give up this home. There is more to this problem than you think! Good Luck.


Why are teaspoon loans reported as taxable income?

A tsp loan is not taxable income unless: 1 you default on the loan, 2 you miss a payment, 3 you retire or leave the federal service before the balance is paid off. In any of the scenarios above it is only the unpaid balance that is taxable.


What should you do if you recently caught up on your payments to the bank and are ahead now by 1 payment but the bank has not yet called off the repossession?

WHY not? Have you asked them? Were they demanding the balance in full?? Have you beeen repoed before? Have you beeen repeatedly in default? Are you STILL in default? Do you have ins. coverage as required by the contract? Contact the lender ASAP.


What is the person called who goes into negotiate before you go to War?

pornstars


Is it best to call a credit card company first before accepting a mail credit card balance transfer offer?

The credit cards might have promotions or sometimes even a better offer for you. The need for them to explain all the necessary information is also very important. You can also negotiate the fee of a balance transfer when you call in.


Can your employer cut your shift?

YOu mean discontinue it unilaterally? Yes. If there is a union, the employer must negotiate before doing so. If no union, no need to negotiate.


How can you use negotiate in a sentence?

This means to talk with someone and come to some sort of agreement. Here are some sentences.The police will not negotiate with the terrorist.I like to try to negotiate before I start an argument.You should see if the salesman will negotiate for a lower price since that is slightly damaged.


What is a default on Facebook?

Before, I didn't know what it meant by "I really like your default" or "my favorite part of your default is your hair" on facebook. Now I understand that saying "default" is like saying "profile picture" on fb


What are some good footwear companies?

Some good footwear companies to research before buying your running shoe would be Nike, Reebok, Saucony, and New Balance. It is important to know what type of surface you will be running on, prior to purchasing your shoe.