A reader got into a debt hole during Covid. Some dedicated saving later and they’ve got the cash to pay it off in full — but at the expense of their bond
Covid was tough and I used a credit card to the value of R120,000 and struggled to pay. It was handed over. Over time, I’ve managed to save about R130,000. The collections company has offered me a discount and brought the debt down to R85,000.
As for the discount offer, first make a counter offer, and a lowball one. Offer, say, R60,000 one-off to settle. The collections company may take the view that something is better than nothing.
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