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How do I get out of a high interest credit card where they will not take a pay off? |
How do I get out of a high interest credit card where they will not take a pay off? Transfer your balance to another card. However, you are allowed to pay down to zero dollars. Make sure you are applying the correct payment amount. You could also try calling your credit card company and closing the card. This should expedite the process and helping you definitize the amount you owe Source(s): If you have a stable job with a good source of income, you might be able to apply for a loan through a website called Prosper. This site is a People-to-People (P2P) lending site where individual borrowers join in on the loans to help fund yours. http://www.prosper.com/groups/group_home... Get a card somewhere else and transfer your balance. What do you mean, they won't take a payoff? They won't take less than you owe? They have that right. But if you pay in full, I don't see how they can stop you. Never heard of such a thing. At any rate I surely would not use it anymore for anything. Sometimes they will lower their rate if you threaten to move your balance to another card. Depending on how much you owe, you may be outta luck. I am a little unclear. If they are not taking any payments, did it go into collection. Maybe you have to contact the collection agency now who is handling it. Other wise any credit card would take any money on the card to pay if down or off. There are no pre payment penalties on credit cards. Credit card balance transfer is a process by which we can transfer our outstanding balances on a credit card (which are generally at high interest rates) to a low interest rate credit card. Balance transfer has some good advantages let us look at a few of them. Balance transfer is one of the best methods to get rid of that credit card debt. When you transfer balances all your outstanding balances are wiped out and transferred to new credit card. Depending on what deal you get on the balance transfers the new interest rates on transferred balances could be 0% or a low rate for a particular period. The ideal situation should be to get all the balances cleared within this low interest rate period. Read more from: http://www.credit-card-gallery.com/credi... |
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