WA Settlement of Credit card debt

Discussion in 'Debt and Bankruptcy Law Forum' started by Bee83, 15 December 2018.

  1. Bee83

    Bee83 Member

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    My husband and I have 5 credit cards between us, with of a total debt of $65k. We have defaulted on all credit cards. I may have access to a lump sum of money so I was wondering if I could offer a one off lump sum payment to finalise and clear the debt with each bank. If so, what is a fair and reasonable offer?
     
  2. Rob Legat - SBPL

    LawTap Verified

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    That’s a question better asked of a financial counsellor. And I would suggest you need to figure out what portions of the debt are principal, interest and fees. You’re less likely/unlikely to get a discount on principal, the rest is up in the air.
     
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  3. kevin586

    kevin586 Well-Known Member

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    we must talk about this. i'll help you with it. I know how to do it. How to contact????

    got a PO box or address?
     
  4. Scruff

    Scruff Well-Known Member

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    Advice to OP - Never provide your personal details to other members.

    Members who are lawyers will have appropriate contact details in their signatures or will refer you to LawTap.
     
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