Can I Ask My Credit Card Companies to Settle My Debt? – Tim

“Dear Steve,

credit card debt, owe 30k

can I ask the credit card companies to settlement my debt if I pay them a large some,,,, I owe about 30k ( 2 different companies) can I give them lets say 18k and clear the books………….or with this impact my credit if they agree to partial settlement?


Dear Tim,

You can ask them to take you out for dinner and a movie if you want.

You can most certainly call your credit card company, present your situation and see what they may be able to do to help you.

But, and here is the big but, you need to understand how the settlement process works with your creditors. If you want some expert self-help education on this I would suggest your contact Consumer Recovery Network. They have a DIY course that people seem to like.

To check out the risks you can use the free How to Get Out of Debt Calculator to review your options.

Let me know what you decide to do.

Please post your responses and follow-up messages to me on this in the comments section below.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
Damon Day - Pro Debt Coach

See also  I Want to Settle My Own Debts But What Should I Do? - Danny

Leave a Comment