How much to say to CC during negotiation

the key here is to keep communication open with them and if you are not willing to accept the 55% then you take the risk of charge off. but this may not be that bad sometimes you get a better settlement offer. my suggestion is to counter offer for say 25% they are probably gonna say no way but with a little luck they may counter offer you with maybe 35% this is how the negotiation should work i would not tell them how much you have available just that you have other creditors to pay to and the amount of money you have is on a first come first serve basis. if they dont want it then they may have to wait till next month. but be sure to keep the communication going. if you avoid them then it will go to charg off quickly atleast if you are talking to them they wont be so quick about it. but they still may but you might get a better deal through the collectors anyhow. good luck!

Thank you! Good advice. We have been talking to all of our creditors. This is the first to bring up settlement. It was the same guy I talked to last week and he has already come down from just a week ago.

Sorry you are unsure. YOu mentioned looking for help, read this article and see if you can call your creditors with some of the tips afterwards.

ehow.com..link removed.

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