Share post
Share
Debt Consolidation Forums Debt Consolidation and Debt Settlement forums

Should I agree to the offer if a credit card company is ready to settle the offer at 80%?

Date: Thu, 07/12/2018 00:01
member profile picture
Posts: 1
Credits: 0
[Donate]

Should I agree to the offer if a credit card company is ready to settle the offer at 80%? That is, I have to pay 20% less the debt amount.




You should re-negotiate for a better deal. 80% is not at all a good offer. Who is your creditor? How long are you past due?

Sub: #1 posted on Thu, 07/12/2018 - 02:10

Nick Jonas Nick Jonas

(Posts: 425 | Credits: )

How much you owe to them? How long are you past due? 80% is not a good deal at all. You should try for at least 60%, if the debt amount is big it will save a lot.

Sub: #2 posted on Thu, 07/12/2018 - 06:13

tiarajoseph11 tiarajoseph11

(Posts: 467 | Credits: )

No way @Brian...

Get a grip man.. 80%?? Are you kidding???
Start your negotiation from 40%... probably then it will end up somewhere around 55-60%....

Sub: #3 posted on Fri, 07/20/2018 - 04:41

Phil Bradford Phil Bradford

(Posts: 166 | Credits: )


DebtConsolidationCare (IAPDA member)
BBB (A+) logo for DebtCC
Connect With Us
About Us | Contact Us | Privacy Policy
Copyright © 2020 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
* Disclosures:
  1. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  2. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
  3. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  4. Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  5. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 1.152 seconds.