No. It's not right. If you pay
something to the credit card company while negotiating for a lower
payoff amount, then what does that mean? It basically implies that you
can afford to pay off debts. And, if creditors get a clue that you can
afford to pay off debts, then they may not agree to reduce your interest
rates or your payoff amount.
Nick is right. Do not make any
payments until you complete the negotiation and get it in writing. Both
of you sign the agreement, especially in case of a settlement, and then
make a lump sum payment on in installments as per your agreement.
Sub: #1 posted on Wed, 07/10/2019 - 20:40
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Sub: #2 posted on Thu, 07/11/2019 - 07:13
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Sub: #3 posted on Thu, 07/11/2019 - 23:50
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