Debt settlement negotiation - DIY
Date: Tue, 09/07/2010 - 14:07
My husband and I have a total of 15 cc and personal loans. In trying to avoid BK, we are calling creditors and making payment arrangements. Some are successful, 0% for 5 years, 3% for 6 years, etc.
I am sending a debt settlement letter to one of my creditors. I am 6 months behind on this card. Is my negotiation with them will be affected by the fact that some of my credit cards are current (these are the ones who agreed on lower interest rates)? I have 3 other CCs that are more than 3 months past due and also in the process of settling with them.
I am sending a debt settlement letter to one of my creditors. I am 6 months behind on this card. Is my negotiation with them will be affected by the fact that some of my credit cards are current (these are the ones who agreed on lower interest rates)? I have 3 other CCs that are more than 3 months past due and also in the process of settling with them.
Greetings unregistered, Just a couple of items here. 1. Coul
Greetings unregistered,
Just a couple of items here.
1. Could you list the creditors and in general the amounts?
2. In my opinion sending letters just doesn't work. You've gotta call 'em and go through the exercise. They want to play mind games with you and if you read these forums, you will be prepared.
3. I know, I only had a couple of things to say but here's one more. Go ahead and register, then you can send and receive pm's!
Regards,
King "Kash" Jabba Labba
