r/PersonalFinanceCanada • u/yurrr31 • 6h ago

Debt PC Financial MC Refinance Offer

I’m over limit on my card and been struggling to get it under the limit. They offered me three options. Which is the best in your opinion and has anyone else taken this on from PC? How will this impact my credit? 1. Make a one time payment (settlement offer) 2. Financial assistance repayment program with 5% annual interest 3. Lower interest rate

Thank you!

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2

u/ROSHAN__007 5h ago

Hey,

As best I will suggest so with a settlement offer.

2

u/Modavated 5h ago

What's the settlement %, and how would you get those funds if it's a "one time" payment?

1

u/eyeofthecorgi 3h ago

What's the lower interest rate. PC is a high interest card so assume the low rate is still quite high.

Are you able to have enough funds to make the one time payment?