Settle one but not the others?

hello Glurg,
you are right with your first settlement, definitely nip that B of A in the butt first, if it is a personal credit card, try at 180 days late for a 15-20% lately they are stamped with a thresh hold from upper management, usually around 22-25-sometimes even 30% i would figure a debt of that size hopefully they would give you a low settlement at 20%, they used to go as low on personal debts to 15% but i dont see that much anymore.
if if its a business B of A i would definitely try for a 10% but ive been seeing more 15% than 10% lately.
NOW capital one, these cards capital one will not settle till after 210 days, after they charge off you would be dealing with the recovery unit and me being in debt settlement they dont give us anything lower than 50%, with that being said they will however give you 3 payments starting the first payment in the next 2 months, if you do the math its more like 5 payments but the settlement letter will actually say 3 starting 2 months ahead, odd i know.
also if you capital one accounts go to a collection agency you can most likley get a settlement as low as 20-25-30% sometimes with payments too, its a gamble sometimes to really save money. most people do the gamble to save.
chase this one is the smallest one you have, so its not the most important out of the rest BUT you might be able to get a good settlement directly with chase maybe 25-35% in 4 payments. i do know that if a settlement company send over a power of attorney to chase to speak on your behalf, they will then forward your debt over to a collection agency called IC Systems, they are giving settlement companies 20% as of the end of January.
if i can help you in any way please feel free to call me

glurg,
sorry sometimes i can go on forever with this industry but i forget peoples main questions.
the answer to you question though is yes you can just settle one and pay on the other, keep in mind if they view your situation they might notice this and try to use this against you in the line of negotiations, i would simply tell them that after you settle with them you are going to go late on the others and you cant do all this at once.
Stop posting your cell phone number and the name of your website, I will keep removing them each time I locate it in your post.

I can tell you for certain that they look at my cr as I speak with them. Amex balked at going less than 35% b/c I had paid off a boa card just a year ago so they thought I could do the same with them. I had to explain that was a one-time windfall from sale of property that got me the $$ to pay them off. But the uglier your cr is, the easier it is to settle, IMO. Good Luck.

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My name is Bill Shannon, a professional financier at Rapid Debt Settlement. If you are struggling with credit card debt, whether it be large or small, you need to take advantage of our program and settle now! This current economic recession has left millions of Americans, like yourself, with massive amounts of credit card debt. Trust me, you are certainly not alone.

I am able to help you settle your debt for 55% of what you owe. Contact me now at billshannon[at]financier.com for a free consultation. There is no risk involved and you have everything to gain. I take great pride in helping you get back on track to financial freedom.

[QUOTE=Anonymous;655536]My name is Bill Shannon, a professional financier at Rapid Debt Settlement. If you are struggling with credit card debt, whether it be large or small, you need to take advantage of our program and settle now! This current economic recession has left millions of Americans, like yourself, with massive amounts of credit card debt. Trust me, you are certainly not alone.
I am able to help you settle your debt for 55% of what you owe. Contact me now at billshannon[at]financier.com for a free consultation. There is no risk involved and you have everything to gain. I take great pride in helping you get back on track to financial freedom.[/QUOTE]
hello Bill,
My name is also William aka Bill, you gave a good pitch there but you dont have info or knowledge to go with it,
is 55% with fees included ? or is that what you usually settle at ?
I have been settling debts for 7years and settling around 1/2 million of inflated debt at an average of 30% given some of these are 60% and most are under 30% some as low as 9% or 10% at the end of each month my average once AVERAGE is 30%, my new company i will be opening is going to be charging a 10% fee based off of the original balance once the specific account is settled or to make myself clear when the deal has been oked by the client. not all upfront fees like most company that DONT settle debts or if they do they just bring some crappy deal to them showing they did some work.
keep in mind i havent a clue of how your company works so im not passing judgement but i do know my knowledge, aggressiveness and low cost can not be beaten. i take very much pride in getting people out of debt trying to get clients to pay nothing which is super rare but hopefully you get what im trying to do.

I am going to keep two cards current while negotiating 5 other cards. I will probably let these other 2 cards go, but I am going to try and keep them current in hopes to help re build our credit. Is this a good or bad idea? I am getting mixed messages from everyone. Creditors might get mad that I am paying some and not them...please make this really clear for me if you can. Thx.

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My chase credit cards are all with IC systems and I am not with a settlement company. Is there a reason for this? Will it be easier to settle with them than with Chase. I am currently about 115 days late.

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I have been trying to settle with Citibank my self for 30% they will only do 45%. we owe approx 54,000. What got me started isI received a call from them about three weeks ago and it was the person on the phone who talked to me about settlement. He asked if I could come up with 30% I said it would be very hard but would be worth it for me to barrow from family to get out of this nightmare. He said I would would receive the settlment in a week. Three weeks went by and I received another call from Citibank and they said there wasn't a settlement or notes in the system for a settlement and the only amount they would settle for is 45%. I told them I do not have that I was streching to come up with the 30%. Does anyone have any suggestions?

I would start a new thread on this..this is just going to get lost in this subject in my opinion. There are alot of people on here that have settled with Citibank from what I have read. I do not have a card with them, but I want you to be able to get help. Just a suggestion..