Hi all sifus,

Need to ask this for my relative. She has credit card outstanding amount totalling RM160k with 5 banks. I am willing to help her out to settle her debts completely but I only have RM100k. Can she negotiate with the respective banks to get a discount for full settlement? If yes, is it better for her to default on all her credit card payments for, say, 5 to 6 months, and then negotiate with the banks. Otherwise, the banks might say her payment records are clean so far and might not offer discounts.(not knowing that she already in deep trouble juggling the holes with few covers). I really wish to settle her nightmare once and for all and hope she learns a lesson after this.

TQ