Share post
Debt Consolidation Forums Debt Problems forums

Will a creditor agree for settlement after reducing the interest rate previously?

member profile picture
Posts: 1
Credits: 0
[Donate]

Will the creditors agree if I have negotiated for consolidation but want to do settlement? Actually, BOF and Chase have reduced the interest rate but it'll be helpful if they reduce the outstanding balance




You can have a talk with BOF. But, I have a doubt if they will agree. See, they have already reduced the interest rate. Now, you want to cut down the outstanding balance also. Both can't happen at the same time. You got to understand this.

Sub: #1 posted on Wed, 06/17/2020 - 05:46

David Martin David Martin

(Posts: 320 | Credits: )

Hi Asstair!
This is the reason why I suggest everyone to consult a genuine debt management company. Because, based on your financial situation, they will suggest you a debt-relief option.
So, I would suggest you to consult a debt management company asap and explain your situation. I hope they will be able to help you out! For immediate debt-help, call 800-DEBT-913 ASAP!!!

Sub: #2 posted on Thu, 06/18/2020 - 23:40

Craigh.terry Craigh.terry

(Posts: 204 | Credits: )

Yes, debt settlement will be the right option for you. I would suggest without wasting any time, contact a good settlement company and explain your situation. They may help you out!

Sub: #3 posted on Fri, 06/19/2020 - 02:03

Good Nelly Good Nelly
Industry Expert
(Posts: 2809 | Credits: )

You can request them. You can say about your financial hardship for the consideration.

Sub: #4 posted on Fri, 06/19/2020 - 05:14

sanderspatricia29 sanderspatricia29

(Posts: 1234 | Credits: )

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


Page loaded in 0.811 seconds.