Charge off or 80%
Date: Sun, 04/21/2013 - 06:38
I contacted US Bank and they said they charge off at 120 days. I sent a written offer to them at 90 days. The person I spoke to said they don't accept letters and he said they the lowest they would go is 80%. I think they are snowing me. I plan to call them back next week ( closer to end of month). Next, another creditor wants my pay stubs. Can I black out my deductions so they don't demand I cash in my 401k? Thanks, Cinderella
No you cannot. You are
No you cannot. You are asking a creditor to take less than you owe then, asking for hardship. You have to be honest with them, Blacking out something will tell the you are hiding something,.
US bank usually doesnt go that low before charge off.
Wait until it goes to
Wait until it goes to collections....you may get a better deal.
What can you afford?? Is it reasonable??