paying off cc's over 5 years with no interest
Date: Wed, 07/15/2009 - 11:47
Has anyone been able to negotiate some
sort of a payment plan with lower monthly payments
and 0% or low % interest over, say 5 years?
Would this plan impact your credit? If yes, would I be better off with a settlement?
I am not late on any cc but I am very close to it.
Thanks
I was able to negotiate a hardship plan with most of our credit
I was able to negotiate a hardship plan with most of our credit cards, dropping the interest rates to very low amounts, with a 60 month payoff. In most cases, it dropped the minimum payments low enough that it makes a significant difference. We received letters from each creditor, outlining the plan, and promising that nothing will show up as negative on our credit score as long as we pay as agreed.
We weren't late on anything, but that was impossible to continue, so this has been a relief. Now there is light at the end of the tunnel.
Settlement is a last resort for us, so this is a good option.
Good luck!
Yes I was able to negotiate a few cc for 0% interest in 48 month
Yes I was able to negotiate a few cc for 0% interest in 48 months or less.
Also I was able to negotiate monthly payments and interest rates.
Good luck
