debtor
Date: Fri, 07/09/2010 - 11:54
nelly,I have $88000 in credit card debt.through the sale
of property I have $70000 with which I want to settle this debt.my income will no longer support payments so I need to have this clean the slate.should I just tell each
creditor(5) that I can pay79% of balance and see if they will settle?
of property I have $70000 with which I want to settle this debt.my income will no longer support payments so I need to have this clean the slate.should I just tell each
creditor(5) that I can pay79% of balance and see if they will settle?
No way.....I wouldnt tell them how much you have....negotiate fo
No way.....I wouldnt tell them how much you have....negotiate for lower. Read this forum and find out how much your creditors will settle for...most will go 50% or lower.
Tell them what your hardship is and after being delinquent 90 to
Tell them what your hardship is and after being delinquent 90 to 120 days they will start offering settlements. I agree - don't tell them how much you have or they may file a lawsuit to collect the whole balance.
This forum is terrific - read read read and you will learn how to do this and have some money left over for savings in case of future emergencies.
