does having smaller balances hurt my chance of good settlement %?
Date: Wed, 03/17/2010 - 17:04
i see all of these 35% settlements on here but they are on like $50k+ debt. i have $20k and 3 out of the 5 are maybe $3k. does that hurt my chances to get a lower %?
What I have seen, that higher your loan amount better are your c
What I have seen, that higher your loan amount better are your chances to get a low settlement amount. I think it attributes to mathematics. For a $50k debt, 35% settlement would fetch $17,500; whereas the same settlement percentage would fetch only $7,000 for a debt of $20k.
In addition to that the settlement percentage would also depend on the creditor and the age of the account.
