Posted by: BadhiJanne March 31, 2017
Login in to Rate this Post:
0 
? 
?
Best way to get rid of balances would be to pay the card. That's probably the only way, unless you declare a personal bankruptcy.
Now what you can do, if you cannot pay the whole sum right away, is consolidate all the cards into a card that has lower interest. With your credit score, it'd be hard to find the ideal card - but shop around, you might find one. Idea is you don't want to pay high interest right now. Slowly work towards getting down to 0 balance. Don't fall into scams where they say they will wipe out all your credit. I don't know if it has ever worked, but you can try calling the company and negotiating a term of payment. Show them your hardship and say this is what you can pay.
Now what you can do, if you cannot pay the whole sum right away, is consolidate all the cards into a card that has lower interest. With your credit score, it'd be hard to find the ideal card - but shop around, you might find one. Idea is you don't want to pay high interest right now. Slowly work towards getting down to 0 balance. Don't fall into scams where they say they will wipe out all your credit. I don't know if it has ever worked, but you can try calling the company and negotiating a term of payment. Show them your hardship and say this is what you can pay.