renig on agreemment

Are you saying that since july you charged 7000.00 and now want to settle it for 32%

I was remodeling my house and i use my credit card on everyday purchases. I reached my limit on 1 card and opened a new one. My wife (who is 7 months pregnant) lost her job and no one''s hiring expecting mothers. I'm not trying to get over on anyone. I planned on filing bankrupcy. The money i'm using to settle is more borrowed money.

From my experience with Citibank, Bank of A, Capital One and Discover, you stand a chance of settlement if the account has been with them several years or more. That way they've made money off of you.

I would ask them if they would reduce the interest rate to 0% or a lower amount and pay them monthly. That's how I'm paying Capital One. Tell them you'd rather do that than file bankruptcy.

It's worth a try.

I had the same conversation with Chase, however, I have had my accounts for several years as Aubrey mentioned.

They told me that the company policy is that if I settle for a certain %, I can then settle all my cards for that same %. I was around 120 days when I had this conversation, and they only offered me 70%. The stupid lady I talked to clicked that I accepted the 70% offer, when I did not. When Chase called me the next day, they said it is in their system that I accepted. The new rep told me to wait until after Thanksgiving (when their 70% offer expired) and make a counter offer. She eluded that I would have a better settlement at that time, without saying it directly.

You're only at 90 days now, I would wait a little longer to counteroffer.

Also - you may consider a hardship program as Aubrey suggests, but Chase asks for all your income information to see if you're eligible. I never gave that information, it's none of their business, and they can always use it against you. I accepted a hardship program with Discover from their website. I didn't have to verify anything, and I took it at about 140 days late - just to shut them up and get them off my back while I settle my other cards. Discover is the most aggressive and most likely to sue. Chase does sue also, but they are not as aggressive and have given others some reasonable settlements.

When I was expecting, it was impossible to find a job. I would talk to employers who were very interested to meet & interview me, were thrilled with my credentials, but when I would get to the interview and they saw I was expecting -- I never heard from them again.

My last piece of advice is to not try to justify your financial situation to these anonymous (and not so anonymous) guests. You don't owe anyone an explanation, and their condescending comments are only meant to upset you.