I have sent the first letter to my credit card companies (from your sample letters). They have responded stating that they will NOT work with me. Do you have a second letter (sample) that I can send out to them? Thank you.

[skrying]

Michial, here is a link that may help. I don't think it's from this forum though.

[link removed per forum rules-Mike]

[david]

You should keep negotiating with your creditor till you have achieved the desirable results. Keep a follow up on the phone to get positive results of your negotiation. Most of the lenders will accept your payment agreements only if you assure them of being dedicated in paying the bills. Send your letters through certified mail so that you can record all your correspondences done with them.

YOUR NAME
YOUR ADDRESS
CITY, STATE, ZIP CODE

Date:

CREDITOR NAME
ADDRESS
CITY, STATE, ZIP CODE

RE: Acct.#

Creditor:

I recently obtained a copy of my credit report and noticed that your company has reported me as having the above listed account as: (delinquent, sent to collections, etc.). I wish to bring this account to a resolution that will be fair and beneficial for both of us. Therefore, I propose to pay you X monthly payments of $, or forward a check to you in the amount of $ as payment in full, provided that you are willing to send me a letter stating you will report this to any and all credit reporting agencies as: 'PAID AS AGREED' or notify me in writing that you agree to delete this item from any and all credit reporting agencies.

I WILL NOT agree to accept a 'PAID P & L' or 'CHARGE OFF' for an additional amount of time on my credit report. It is my position that I have suffered enough as a result of this problem.

Upon receipt of your letter I will send you a cashier's check or money order in the amount of $.

Sincerely,

Signature Date signed

Your name Date printed

Thanks everyone. I'll keep trying. They seem to NOT want to work with me at all. At this time, I have never been late with a payment and I have paid more than the minimum payment. But times change and I need to resolve this debt. Maybe my problem is that I haven't been late and have paid more than the minimum. What do you think??? Any help is appreciated. Skrying...if you could send me that link via email, I would appreciate it. Not sure if you're allowed to but...here's my email address,
Thanks again everyone.

email address removed as per forum rules - vikas

[john]

Michial

I can also send you the related information in your PM Inbox. You need to be a member of this website to view your private messages. Please enter your contact details here and let me know after you have signed up. I will send you the info.

http://www.debtconsolidationcare.com/signup/

Try to offer some money upfront to your creditors. Doing this, your negotiation will give you some positive results in resolving the matter.

[Michial320]

John,
I'm all signed up now. What is my PM inbox and what contact details do you need? Sorry...new to this.

[john]

Michial320

Have you called your creditors again after they rejected your previous offer? I think if you can send some money upfront, they might be willing to accept your proposal.

Most of the creditors do not accept the payment plan from you at the beginning. They want to get their money back in one single time. But, you have to keep negotiating with them so that you get positive results. Please give us an update so that we can plan the strategy.

[Michial320]

John,
I didn't make an original offer. I just let them briefly know my current situation and that I would need to talk to them regarding the balance, interest and payments while I was considering bankruptcy. Per the letter that I found on here.
They wrote back stating no programs were available to me but to call them. I did that. But the phone call lead no where. I was again told that they had no programs available to me and that there wasn't anything that they could do for me.
I would love to offer them the payment in full however, the balance is $10,000 and impossible for me to pay like that.
At this time I would like it if they would negotiate with me at all. But they're not even willing to do that.

[john]

Michial320

Get your consultant involved in this matter and cut the deal with your lenders. Some of the lenders are unwilling to extend any programs to those who have a high amount of debt. Since they are aware that you are facing difficulties in making the payments, they are not willing to work with you.

If you take the help of your consultant and request him to negotiate with your lenders, I am sure that things will take a positive turn. The consultants are specially trained to solve such complex situations and work out a positive deal in repaying the debt. let me know the result of your discussion with the debt consultant.

[Michial320]

Do you mean a consultant from here? Because I haven't spoken to anyone from here or anywhere actually. I just thought that I would try to resolve this on my own. I didn't want to get involved in a consolidation company (or similar company) at this time. What's your opinion? Should I speak to someone, if so who?
Thanks, again.....

[john]

Yes, I mean a consultant from this website. He is taking care of my debt accounts. I can suggest you to take the counseling because it's absolutely free. Maybe, you will get some valuable tips about solving your debt related problems.

[Michial320]

Thanks for the advice. Maybe I will speak to someone. I'll update you when I do.