Want to settle one card and payoff the rest
Date: Sat, 01/20/2007 - 13:59
Thank you all!
You are 2 months behind in your payment with Clout Visa. Most co
You are 2 months behind in your payment with Clout Visa. Most companies will not allow you a settlement at this moment. The concept goes like the longer the account is delinquent; it can be negotiated for a lesser amount. However, a good negotiation will result 60 percent to 75 percent of the total amount.
You can take the advice of a debt counselor and get good arrangements done with your creditors. He can also arrange lower interest rates on all your debts.
The credit will look good if any of your account is not reported as "settled". You must get a "Paid" or "Paid in full" status because this will boost your credit at the maximum. Get more help in the DIY section and propose your settlement offer in writing. You need to have documentation for proof.
