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Can we negotiate a "pay off amount" with our credit card company if we can't afford to pay down our whole balance?

Payment Cards Payments Credit Administration Financial Management Balance Sheets Banking &amp Finance
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Question added by Siham Amer , Financial Analyst , Noor Al Hikmah Group
Date Posted: 2018/10/16
Upvote (0) Views (4) Followers (3) Answers (3) Report Question
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Syed Hassan Abbas
by Syed Hassan Abbas , Senior Accountant , Pet Products Trading Company

This firstly would only depend on how long the payment has been over due.

And the bank's general policy would still aply on the over due credit card balance.

Tamer Elbeshbishy
by Tamer Elbeshbishy , Financial and Administration Manager , Muscat Towers Holding Group

It needs more clarifications  - Thank You

Hany Mamdouh
by Hany Mamdouh , Finance and Admin Manager , شركة عزم الانجاز للتجارة

Negotiations should be on schedule and not amounts

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