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BOI credit card debt - settlement possible?

  • 29-09-2012 11:22am
    #1
    simonjo
    Registered Users, Registered Users 2 Posts: 4 ✭


    I have a 7500 credit card balance with BOI at the moment I am paying €125 a month for 6 months they have stopped all interest and fees for now., I now have €3500 to spare if I offered them this would the accept it as a final settlement


Comments

  • #2
    Savman
    Closed Accounts Posts: 8,323 ✭✭✭Savman


    Usually you have to be in long-time arrears before they will write off and settle, as far as MBNA are concerned anyway. I doubt BoI would be any different, especially if you have been making regular payments for 6 months, why not just use the 3.5k to hit a chunk off the balance?

    A balance of 4k is easier with monthly payments, you could have it gone in a year or two.


  • #3
    simonjo
    Registered Users, Registered Users 2 Posts: 4 ✭simonjo


    Have been in arrears since 2010 they review it every 6 months and keep lookin for payments to increase even though they know my wages have not just want to get it cleared the €3500 was a win on lotto thought I might put it to good use


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