If you have settled a cc before, please answer:

I have settled with 2 and in the process with another.....I hope this ends..I want to be debt free. Regarding your questions,

1. The first 2, they offered me settlements, I renegotiated. At first, they did not aghree and after another 30-45 days, they agreed.

2. I communicated with them continuously. One rep rejected my offer, I hang up and called again. Some other rep picked up and I told him the same story and offered the same settlement.

3. One was 130 days and the 2nd one was 150 days late.

4. I have settled 2.

5. BOA and Amex, the thjird is CITI and they are a little tough.

Hope I have answered all your questions. We are in the same boat, hope my answers help.

Hello again Icky,
I settled my husband's accounts (7 accounts) after his business went under ...we settled in June. His credit score was 423 when we started settling in June....Unbelieveably, his credit score is now 629!
4 BOA accounts for about 25-27%
1 Chase account for 25%
1 Capitol one account for 50%
1 Citi account for 30%
I had planned to file BK, but changed my mind after coming on this board and reading about settlement. I had received offers from Citi before, but was too afraid to do anything. Didn't know if others would settle.
2. I contacted them to let them know that I was not filing BK and would like to settle
I wish I would have known about settlement and contacted them sooner
3. Most of these cards were 120 days late....a couple were 90 days late

Hope this helps.....keep posting ....good questions!

awesome job! I hope I can get my BofA and Chase settlements in under 30%!

Do you have to be a certain amount in debt on a cc to settle? And what if you aren't late??? I am current on both of our cards, but we aren't getting anywhere paying $100 a month on them....was just reading this and wondering if maybe this is an avenue I could pursue?

I would call 866-833-6398 they can get you a deal at around 20-25 percent of what ever you owe.