In part 1 I discussed negotiating with your credit card company. Once that fails and the account gets significantly behind, they will transfer it to their collection department or an outside collection agency. Curiously enough, collection departments or agencies, although often more aggressive than the credit card company, will usually negotiate more readily. They’re paid [...]
negotiating
Have you ever tried to negotiate with your credit card company? Perhaps you want to reduce the interest rate, or make a deal on the balance owed. Reducing the interest rate, if you’re in good standing, is relatively easy; especially if you’re receiving offers from other companies to transfer your balances. Under those circumstances, simply [...]
