How to write off credit card debt 2 (UK)

This was a credit card defaulted in 2017. Please remember these debs are sold for less than 10p out of £1. Correction: I am looking to settle some of these debts at 90percent reduction. My own experience: – Stop making…

How to write off credit card debt 2 (UK)

Source

This was a credit card defaulted in 2017.

Please remember these debs are sold for less than 10p out of £1.

Correction: I am looking to settle some of these debts at 90percent reduction.

My own experience:

– Stop making the required minimum payments;
– Set up £1 token payments instead;
– Ignore all letters and let the cards default;
– In most cases, the debt will be passed on to a third-party;
– Set up £1 token payments with the third-party agency;
Discounted letter should eventually start to come through.

Please also see my previous video where I show a discounted offer letter.

Feel free to comment, as I always respond; don’t forget to like!

Join me and invest commission-free with Freetrade. Get started with a free share worth £3-£200:

https://magic.freetrade.io/join/christopher/70d0e1c8

Buy me a beer to support my channel:

https://www.buymeacoffee.com/chrisjonesfinan

Chris.