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defaults

Credit Card Companies Forgive Debt... Sort Of

By on June 22nd, 2009 • College, Credit Cards, Debt, defaults, Credit & Debt

Imagine you owe over $5,000 on your credit card.

Out of the blue, the company calls to ask if you can pay just 80% of the balance, and they’ll waive the rest.

You refuse. Then the company calls you later, and asks for only 50%.

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