debt settlement question
Date: Sat, 11/13/2010 - 05:48
I have 2 debts that I would like to do a DIY settlement with. One is Beneficial for 10,356.82 and the other is HSBC Direct Merchants for approx 1,364.00. I crafted the letters from the samples you provide in the site and have already heard back from HSBC that they would like to speak with me concerning my correspondence. I am about 40 days past due right now. I am going with 400.00 as a settlement offer for HSBC and 2,100 as a settlement offer to Beneficial. I just received the letter from DM so I am going to speak with them, but how do I handle the phone call, as what kind of tone do I take? And also is Beneficial hard to deal with or should I wait a little longer to see what they do?
Thank you.
Thank you.
Be very clear in stating your financial hardship to them. Make s
Be very clear in stating your financial hardship to them. Make sure you tell them the same story every time. If they don't agree to your offer at first, don't change your offer too much. But don't be pushy and rigid, since that might make things worse and they might be tempted to sue you.
