My journey is over!!!!!
Date: Fri, 10/01/2010 - 17:00
here are the gory details:
chase orig. bal- $7391.47
settled for 35%- $2587.00
fia orig. bal- $8659.71
settled for 40%- $3500.00
am ex orig. bal- $5340.27
settled for 55%- $2938.00
home depot bal- $3463.16
settled for 45%- $1558.43
we saved $14,271.18 as well as maybe 30+ years of payments
we went into this whole thing hopping for at least 50%, and even though i wish i could have gotten better settlements , i am glad the whole thing is over. most importantly i want to say:
THANK YOU to everyone here on the forums for the advice and support during this whole ordeal and i hope to be able to pass it on when i can!
:D:D:D
Congrats cookycris!!!!! Your story will certainly inspire others
Congrats cookycris!!!!! Your story will certainly inspire others. Hope you pass it on here.
Congrats!!! Did you wait it out until close to 180 day mark on t
Congrats!!! Did you wait it out until close to 180 day mark on those?
Fabulous job! I too did not get the lowest of the low settlemen
Fabulous job! I too did not get the lowest of the low settlements, but I A) Didn't get sued and B) was done rather quickly with the whole thing. I saved about $17,000 and was more than happy with that. When I took a 50% settlement I would think it was cheaper than hiring an attorney if they sued me.
Congrats. It's tough to get low % on relatively low balances as
Congrats. It's tough to get low % on relatively low balances as yours, because they feel they are somewhat collectable. Great job.
My Amex balance was pretty close to yours; I was able to get 25%
My Amex balance was pretty close to yours; I was able to get 25%, but I had to be a little aggressive about it. I would've paid 50% if I had it. Congrats!
Did you settle directly with the CC or with collections?
the longest i waited was 150 days, i was afraid of not being abl
the longest i waited was 150 days, i was afraid of not being able to get a good deal if they went to collections, the only one that went to an outside agency was american express, they wouldn't budge and i couldn't aford 70% so i took the advice of the board and let it go to the outside agency and hoped for the best, luckly enough i was sent to nco and they were easy enough to deal with. we paid what we could afford.