Starting my debt Settlment Journey
Date: Fri, 08/21/2009 - 04:54
I have 4 unsecured debts:
BOA 36000
HD 2800
WF 5200
Dis 8200
All are at the 90 - 120 day mark now and only 1 is with a collection agency. Discover/Zwicker. I had a 16K AMX debt but it already settled for 3600.
When should I start making unsolicited offers. I have sold a few of my things and with what I am saving I should have 40% of the HD, WF and DIs debts saved by 9/15. Do I need to wait for them to make an offer like AMX did or should I make an unsolicited offer?
My business failed so I am in a good position to file CH 13 with thelittle income I have but prefer to go this settlement route if possible.
BOA 36000
HD 2800
WF 5200
Dis 8200
All are at the 90 - 120 day mark now and only 1 is with a collection agency. Discover/Zwicker. I had a 16K AMX debt but it already settled for 3600.
When should I start making unsolicited offers. I have sold a few of my things and with what I am saving I should have 40% of the HD, WF and DIs debts saved by 9/15. Do I need to wait for them to make an offer like AMX did or should I make an unsolicited offer?
My business failed so I am in a good position to file CH 13 with thelittle income I have but prefer to go this settlement route if possible.
Yeah, it'd always look good on your report if you can avoid the
Yeah, it'd always look good on your report if you can avoid the bankruptcy route. It really should be looked upon as the last resort.
I believe it's always better to be preempt with the settlement process. They may even agree to your offer if they come to know that your other route is bankruptcy.
