Settlements as Sept 2010
Date: Thu, 09/09/2010 - 10:48
My settlement journey has just begun. I am just a week past due on two different cards. $10,802 f t and Home Depot/Citi $12,655. Also what is the charge off time on HD/Citi?
Every creditor has their own policies and they can change at any
Every creditor has their own policies and they can change at any time. Some banks are doing pretty much the same thing they have been doing for years, others have gotten stricter on settlements and others have gotten softer. 6 months from now, that can all be different as well.
Usually you are looking at a charge of date around 210 days from the date of your last payment.
Quote:Originally Posted by rex535It is now Sept of 2010 and thin
Quote:
Originally Posted by rex535 It is now Sept of 2010 and things have gone from bad to worse for the ecomony. I suspect cc defaults are at an all time high. So with this in mind are the cc's more willing to work on a settlement with you or are they working more towards sueing? Any input on the latest settlement offers would be greatly appreciated. Also any input on what mindset the credit card companies are in right now? For example, get a little something now or wait for them to file bankruptcy? My settlement journey has just begun. I am just a week past due on two different cards. $10,802 f t and Home Depot/Citi $12,655. Also what is the charge off time on HD/Citi? |
my citi settled ABOUT 30% after being around 140 days late...
Actually credit card industry reports show that credit card deli
Actually credit card industry reports show that credit card delinquency is declining. The number of people defaulting on credit card debt has declined every month for quite a while. The industry articles I have read online show that they feel they are out of the woods on major delinquencies. How this will affect settlements I'm not sure. But they are not reporting floods of people defaulting.
I would call 866-833-6398 they can get you a deal at around 20-2
I would call 866-833-6398 they can get you a deal at around 20-25 percent of what ever you owe.