Debt Settlements
Date: Sun, 02/21/2010 - 17:06
If one creditor, before turning my debt over to collection agency, offered me a chance to settle my debt for 22% and now the collection agency of that debt is offering roughly the same, my question, is can I use this as a strategy to ask all my creditors and collection agencies settle for 22%.
Well, hlywdman firstly I would like to say that settlement polic
Well, hlywdman firstly I would like to say that settlement policies differ from company to company? Not every creditor or CA is going to accept the strategy but definitely you can try. Perhaps you can get a better package somewhere. Sorry to ask but, have you started negotiating ?
If your collection agency is quoting you more or less the same percentage for settlement then I think it???s better to go with the original creditor. So if it???s not too late, you can extend a request to your creditor for pulling out the account from the collection agency as it draws a negative impact on your credit score.
