Skip to main content

Debtconsolidationcare.com - the USA consumer forum

Settle a debt

Date: Tue, 07/19/2011 - 20:55

Submitted by anonymous
on Tue, 07/19/2011 - 20:55

Posts: 202330 Credits: [Donate]

Total Replies: 5


Will AMO settle a debt for less than the amount owed?


I agree with the other posts. More information is needed. Is your account delinquent? Is it in-house, or has it been outsourced? What is the balance of the account? Most creditors will agree to settle accounts - depending on each situation.

If you can provide additional details we'll be able to assist you more.

Thanks!

Donaldson Williams
Debt Settlement Specialist


lrhall41

Submitted by mrmegge on Wed, 07/20/2011 - 13:32

( Posts: 13 | Credits: )


Hi,

A financial hardship proof is required in order to make them agree to a settled amount. You need to show them the exact reason that is keeping you from making the monthly payments on time. In addition to this, a debt negotiation letter can serve your purpose as you can show the exact amount that you owe and the exact amount that you'll be able to pay after the debts are settled. You may also craft a budget to show them your urge to repay the money after they're settled.


lrhall41

Submitted by amy.nickson1986 on Wed, 07/20/2011 - 21:29

( Posts: 72 | Credits: )