Can I lie and say I may file bankruptcy to get credit card companies to settle for less?
I have five credit cards totaling approximately ,000. My parents offered to pay them for me (and I would pay them a lower monthly installment). The question is, I would like these companies to settle for less. I have heard they are more apt to settle if they think you may file bankruptcy? I am not going to file bankruptcy.
Besides the moral factor, would they ever know/could it go against me?
The account was severely behind 4-5 years ago but has been current since.