Credit Card Debt and Negotiating with Creditors
Hi, I've read a couple of posts on here regarding credit card debt but thought I would start another one since no one has really mentioned this particular topic before.
Has anyone with high credit card debt been able to negotiate a repayment schedule directly with either VISA or Mastercard before going the bankruptcy route?? I'm wondering if credit card companies are willing to lower their interest rate on your outstanding balance if you tell them your hooped for cash and have no option but to claim bankruptcy unless they don't do anything on their part.
Thanks