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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

Posts: 202330 Credits: [Donate]

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 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

( Posts: 616 | Credits: )