Been Offered 30% Settlement; Should I Take It?
Date: Sat, 03/20/2010 - 18:29
My settlement company, FreeStar Financial, contacted me today with 30% settlement offers on 3 cards (Chase, Citi, Amex). They told me its doubtful it will go any lower and I could take the chance of waiting but that the downside is the offers may be recinded. Any advice from this forum is appreciated.
Chase will go lower than that, I know this because they did for
Chase will go lower than that, I know this because they did for me.
Getting 30% from American Express would be pretty good. They do
Getting 30% from American Express would be pretty good. They do not settle easily.
If you can afford it, I think 30% on all would be good.
Maybe accept the 30% for Citi & Amex and wait to see if Chase wi
Maybe accept the 30% for Citi & Amex and wait to see if Chase will go lower. But you must consider how much additional money you will be paying the settlement company while you wait for a lower % from Chase.
How late are you on each cc?