Step #1: Dispute your
credit card debt.
Contact the credit card company and dispute your balance. Tell them how much you are able to pay and agree on an amount. Keep detailed notes on the date of the conversation, the name of the credit card employee with his/her employee identification number or last name, and the contents of your conversation.
Step #2: Offer a certain amount as "payment in full".
When talking to the credit card representative, ask to allow you to settle the account by making the partial payment as a payment in full satisfaction of the amount you owe.
Step #3: Provide payment to the credit card company with "restrictive endorsements."
Send a cashier's check in the agreed amount. On the back of the check, write "do not deposit unless for full settlement amount."
credit card debt.
Contact the credit card company and dispute your balance. Tell them how much you are able to pay and agree on an amount. Keep detailed notes on the date of the conversation, the name of the credit card employee with his/her employee identification number or last name, and the contents of your conversation.
Step #2: Offer a certain amount as "payment in full".
When talking to the credit card representative, ask to allow you to settle the account by making the partial payment as a payment in full satisfaction of the amount you owe.
Step #3: Provide payment to the credit card company with "restrictive endorsements."
Send a cashier's check in the agreed amount. On the back of the check, write "do not deposit unless for full settlement amount."
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