How can I settle for the least amount possible?

Welcome! Have you been making payments,and when was the last one? If I'm not mistaken,they usually settle for 40-60%.Since you signed up,someone will contact you about your options-settlement vs concolidation,both have pluses and minuses to them.If they are still with original creditor and will be chrged off in 2 weeks,they will probably sell them to a debt collector,which can get nasty.Talk with the credit counselor to see what options they offer. Good luck...Karen

I meant to add this for you to look at,maybe will clear some thing up for you http://www.debtconsolidationcare.com/forums/comparison.html :D ...Karen

You registered for the free counseling in this website?? Check your email for the company referred in your area. A debt counselor will be calling and discuss about your options. Don't take a new loan for paying off the debts.

If settlement program sounds good to you, the settlement company can talk with your creditors and arrange a lower pay off. They will continue with their negotiations until the proposal is finally accepted. You will make monthly payments to the settlement company in a new trust account opened for this purpose. Once the deal is accepted by your creditors, money from the trust account will be used for paying off the debts. Talk with the counselor for a better understanding about this process. Meanwhile, you can go through the basics here.

http://www.debtconsolidationcare.com/debt-settlement.html

Wonderful pick on that link, Karen. It's the perfect explanation between the two programs. Once the positives and negatives are clearly understood about a program, there are possibilities of fewer disputes later. I found this link also to be a good study material

http://www.debtconsolidationcare.com/debt-solution.html

Last payment Jan 2006, until I paid something last month to keep these from charging off. I tried to get a loan, but cannot since the amount of debt and the delinquency. My ex agreed to pay these off in the divorce settlement, did not do it and left the country. So, I'm stuck since these are joint accounts.

Thanks Passion-forgot about that link! If you wife is legally responsible from the divorce, why are you responsible. Can't you send them copies of that stating you aren't responsible? I may be mistaken,but I thought that when you got divorced,the judge states who is responsible for what. At least that's how my divorce went years ago,but things may have changed. Maybe someone else has more info-Good Luck...Karen boy,I put alo of "responsibles" in this,i'm brain dead,so better get off a while! :D

Since the debt accounts are put jointly, you are equally responsible for it until you got the divorce decree that separated your share of the debt from your ex. Take some free legal aid if available in your area for your options. I still can't imagine that you can be held liable to pay certain debt that has been separated after the divorce. The companies will contact you since you happen to be the next nearest contact here but you have to use your legal rights and settle this matter.

Karen, waiting for your sincere comments here.. :)

This debt is during marriage and the divorce is not done yet, but the settlement has been signed by both. My attorney does not want to finalize divorce yet, she hopes that my ex-h will somehow pay. With joints cards, if one does not pay, the other one will be liable.

finn1 is an exorbitant use of the previous occupyers name

You got 'em Passion :lol: Licking-what are u saying?...karen

Changed my ID because of: "finn1 is an exorbitant use of the previous occupyers name"
Don't have a clue...