Closing acct

Quote:

Originally Posted by Anonymous If you are delinquent or about to go delinquent on cc debt; is it best to close the acct yourself or just wait for the cc company close it due to lack of payment? Thanks.

Both would harm your credit report. Have you tried negotiating lower rates or payment with the creditor?


If you'd like to settle with the creditor, most of them wouldn't consider settlement as long as you're current on it. You might have to default on the account before initiating a settlement process.