Credit card debt negotiation - who should I try

Date: Fri, 05/12/2006 - 05:56

Submitted by anonymous
on Fri, 05/12/2006 - 05:56

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Total Replies: 1

If i have 60K in credit cared debt from nine cards, 2 are over15K and a few are around 5K and the rest lower, who shoudl I try to negotiate and settle with first. I plan to save around 5Kin 4mo because I am not going to pay any of them. but 5K is not enough to settle a 15K debt.

Hi theresa63 You should negotiate with those credit companies

Hi theresa63

You should negotiate with those credit companies first who are charging the highest interest rates. Also, it will be better to use a debt management program and put those accounts in the plan that need immediate priority.

I will recommend paying off the small accounts along with the big ones. The creditors will report to the bureaus after the accounts are paid off and as a result, your credit score will improve regularly. So, you will get the results regularly while you are fixing your credit.

Get the details of all your accounts and discuss it with a professional consultant. He will figure out some plans that suits to your monthly payments. Be dedicated towards the payments and you will come out of debts in a set period of time.

lrhall41

Submitted by curlycarl on Fri, 05/12/2006 - 10:38

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