Capital One account wants to settle at 86%..
Date: Wed, 09/23/2009 - 13:20
So I'm signed up with Superior Debt Services with my 3 accounts, and they just contacted me about my Cap 1 account saying they wanted to settle at 86% (of the ~$5800 balance), which is considerably higher than the 40% average that they had advertised to me.
Is this an acceptable settlement offer? SDS said that it's a lot higher because a "legal account".
Any thoughts?
Is this an acceptable settlement offer? SDS said that it's a lot higher because a "legal account".
Any thoughts?
Well the figures that the debt settlement companies promises in
Well the figures that the debt settlement companies promises in their advertisements are only approximate figures. There is no guarantee that the lender would accept their low offer. It's absolutely the creditor's discretion to accept or reject the offer made by the settlement firm.
You can ask SDS to negotiate further with Capital One for a lower settlement. But again there is no guarantee that Cap 1 would agree.
