I am in hardship programs (for almost all of my credit cards). I had a major loss of income, thus couldn't pay my cards for a few months. They all offered the programs to me to help me get back on track again. However, when I called to ask if I can lower my payments before I was late they refused.
Now, my husband and I might be coming into a large sum of money and would be able to pay off all of these credit cards. What I want to know is If we agree to pay them in full will they agree to lower the debt amounts? And if they do will my credit score be hurt?
Most of these cards are closed in order to be in these programs.
Thanks for any advice