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Hi Everyone!

Just wanted to say thank you to everyone on this forum. I wouldn't have been able to settle my credit cards if it weren't for this place. For all of you guys who are debating whether to use a settlement company or to do it yourself, I would say do it yourself! As long as you pick up the phone calls when the cc companies call and you're courteous to them, they're courteous to you as well.

Just to let you guys know, I successfully settled 4 credit cards recently as follows:

Chase - 36% of balance at 110 days past due
Citi - 40% of balance at 125 days past due
HSBC - 36% of balance at 110 days past due
B of A - 30% of balance at 90 days past due

I know you can settle for lower balances from reading throughout the forum, but I didn't want to deal with the collection agencies.

Again, you guys could save so much money by doing this yourself. I've always talked to the credit card companies on the phone, never via letters. Also, it helps to talk to them towards the last 10 days of the month.

I hope this helps you guys as much as the other posts helped me before.


YAY!!!!!!!!!! :D

Happy to hear your success story. It feels Great ! :D

Sub: #1 posted on Wed, 05/20/2009 - 22:11

bakerjon bakerjon

(Posts: 1086 | Credits: )

hi awesome to hear. so the settlements were xx% of debt before you were past due or after you defaulted x amount of days including late fees ect.? did you have to pay in a lump sum? thank you

Sub: #2 posted on Thu, 05/21/2009 - 16:54


The percentage of settlements were after I defaulted including late fees and the interest payments they tacked on. I paid in a lump sum, but some of the banks seemed open to having it paid over 2-3 months if you wanted to.

Sub: #3 posted on Mon, 05/25/2009 - 12:38


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