s dubl
Supporter
- 29,780
- 28,523
- Joined
- Dec 3, 2006
Long story short... prob 4-5 years ago I went buck wild on one of my credit cards accompanied by my job having a major slow down landed me with a very high balance.
I was never late on my payments (any payment for that matter), but it just seems to never go away.
My credit card company told me I could settle for less than the amount owned, but would have a neg impact on my credit, I have my house, I have vehicles so Im not too worried about "new credit" I just want to keep another credit card I have.
Anyone have any experience with this, or know what would/could happen? I called the cc that I want to keep and they cant give me a concrete answer of what would happen.
I was never late on my payments (any payment for that matter), but it just seems to never go away.
My credit card company told me I could settle for less than the amount owned, but would have a neg impact on my credit, I have my house, I have vehicles so Im not too worried about "new credit" I just want to keep another credit card I have.
Anyone have any experience with this, or know what would/could happen? I called the cc that I want to keep and they cant give me a concrete answer of what would happen.