No one seems to want to negotiate settlement....
Date: Tue, 03/06/2012 - 10:04
Three accounts coming close to charge off and the following won't budge at all:
Citi - 45% - March 22nd CO
Chase - 50% - March 29th CO
Capital One - 50% - March 29th
I will have the funds mid march to settle all of them at about 30% each, but none of them will budge from the above. Citi has said the term pre-litiagtion so many times my head hurts. Chase and Capital One are extremely nice about it, but won't do anything. I have countered at just below 30% for each, but no dice.
Any words of wisdom or does it seem that the banks have changed their stance? Should I just let them go to charge off to see if I can settle at a lower cost?
Thanks.
Citi - 45% - March 22nd CO
Chase - 50% - March 29th CO
Capital One - 50% - March 29th
I will have the funds mid march to settle all of them at about 30% each, but none of them will budge from the above. Citi has said the term pre-litiagtion so many times my head hurts. Chase and Capital One are extremely nice about it, but won't do anything. I have countered at just below 30% for each, but no dice.
Any words of wisdom or does it seem that the banks have changed their stance? Should I just let them go to charge off to see if I can settle at a lower cost?
Thanks.
You have two agressive creditors....citi and cap one. It is pos
You have two agressive creditors....citi and cap one. It is possible they may not go any lower and could possible be waiting for charge off to litigate. ....it does happen
If you got 50% with Cap1, search around that is pretty darned go
If you got 50% with Cap1, search around that is pretty darned good, take it, especially if it hasnt charged off yet.
I had a Cap1 have not paid in a year, settled with them for 65%.