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

Submitted by Asstair on Tue, 06/16/2020 - 18:13

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.

Submitted by David Martin on Wed, 06/17/2020 - 05:46

David Martin

( Posts: 394 | Credits: 3933 )

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!!!

Submitted by Craigh.terry on Thu, 06/18/2020 - 23:40


( Posts: 273 | 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!

Submitted by Good Nelly on Fri, 06/19/2020 - 02:03

Good Nelly

( Posts: 2846 | Credits: )

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