WA Settlement of Credit card debt

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Bee83

Member
14 December 2018
1
0
1
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?
 

Rob Legat - SBPL

Lawyer
LawTap Verified
16 February 2017
2,378
501
2,894
Gold Coast, Queensland
lawtap.com
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.
 

kevin586

Well-Known Member
14 January 2019
37
3
121
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?
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?
 

Scruff

Well-Known Member
25 July 2018
818
126
2,389
NSW
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