How would I go about settleing debt?
Date: Wed, 03/05/2008 - 12:29
BOA $5292 20% account closed
Chase $4710 6% account closed
KFCU $978 10% account closed
Sears $7166 3.5% account closed
HSBC $290 29% account open
Capitol One $2256 19% account open
Well with 20k worth of debt, what is the maximum amount you thin
Well with 20k worth of debt, what is the maximum amount you think you can pay monthly towards it now?
My total monthy payments have been $456 a month for all 6 cards.
My total monthy payments have been $456 a month for all 6 cards. My 2 open acounts are $70 for capitol One and $15 for HSBC. I would like to keep paying them so they don't close the accounts So that leaves $371 for the other cards that are closed. If I could bring that to $200 a month for the closed accounts I would be able to catch up on my other household bills.
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how about $300 a month, that would have everything paid off in 4
how about $300 a month, that would have everything paid off in 43 months. email me at Removed email address..karen
if you paid $300 towards 20k worth of debt, that would have your
if you paid $300 towards 20k worth of debt, that would have your debt paid off in 43 months.
You could probably settle your debts for at minimum 50% but you
You could probably settle your debts for at minimum 50% but you would have to have some money to do that. They typically don't do debt settlement without a lump sum payment or a payment over 4 months. BOA will settle for about 20 to 30% of what you owe them and usually over four months if you wait until you are 150 days past due - just before chargeoff. Usually that is your prime time to settle with most credit cards. Your credit score will plummet further, but it is pretty much shot now. Can you get a loan from a family member? Could you sell some personal possessions? Would someone give you a personal second mortgage on your home? I once lent a friend money to help her out and I took a lien on her property until it sold.