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Consider starting the negotiation by offering to pay 25% or 30% of your outstanding balance in return for forgiveness on the rest. Debt settlement can negatively affect your credit score, which can make it more difficult for you to secure financing in the future.
Confirm that the debt is yours. ... Check your state's statute of limitations. ... Know your debt collection rights. ... Figure out how much you can afford to pay. ... Ask to have your account deleted. ... Set up a payment plan. ... Make your payment. ... Document everything.
For direct monthly payments, typically no. But you can do a balance transfer in which you move high-interest debt to a new card with a lower APR. Claire Tsosie is an assigning editor for NerdWallet.
How to pay a credit card bill with another credit card. If you're looking to pay a credit card with another credit card, there are two main ways to go about it: a balance transfer or a cash advance.
No, you cannot use a credit card to pay other credit card bills. However, credit cards often have options like cash advance or balance transfer that give you access to "cash" funds. If you are short on money to pay your bills, you can use these funds to pay off your balance.