I have a decent amount of credit card debt (like $15,000 total) but I have stopped using them for the last year or so. I'm starting to realize how long they will take to pay off and I can barely pay extra because I'm drowning in all the interest payments.
Why should I slowly pay them off like normal instead of just not making payments for like 6 months, saving all the money I would have paid, and then using that money (combined with some of my savings) to negotiate with my credit card company on a lump sum payoff?
I do own a house which I'm worried they would try to come after but also because of that I don't really care about my credit score going down from the missed payments.
Submitted December 09, 2022 at 02:19AM by TrevorSP https://ift.tt/RigtVzw
