First Settlement offer

If you have a chance you must negotiate 'paid in full' under any circumstances. Since you are still dealing with the creditor and might be settling the account in lump sum, you might insist for paid in full status.

How do you negotiate "paid in full" when it was not??

I have one in hand that say's they will put "Paid in full/less than full balance". Is that good or bad?

I will try to negotiate for "Paid in full". Now how bad is it for my credit to have the account as settled? Is is better to ask them to delete it completely?
I have another chase card with a balance of $7500 and an Amex with $21000.
I'm planning to settle all of them, but worried about my credit after I do it.

How late are you on your Amex and have you gotten any offers from them yet? I'll probably have to start missing payments this month on 3 of my 5 cards and Amex is one of them.

Thanks

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Thanks for the info. I wish you luck with Amex and the rest of your cards as well. I'm nervous about the credit card settlement thing, but I'll probably give it a try first before looking into bankruptcy.

Good Luck!