Can you settle credit card debt for less than owed? Even if not behind on payments?
Tags: Debt

Can you settle credit card debt for less than owed? Even if not behind on payments? Lier19725490 Apr 12, 2019·25 min read

Can you settle credit card debt for less than owed? Even if not behind on payments?

OK, few questions. If someone has say, 25k in debt — credit cards, the like is it really possible to call the companies and negotiate a settlement for less than owed? And #2, how does this reflect on the credit report? My brother in law is telling me that he is inheriting about 30 thousand bucks soon, and will be calling his creditors (credit card debt only) and negotiating with them, telling them that he has to file for bankruptcy and offer them less than owed. He SAYS he can negotiate and get them to about .30 cent on the dollar. Is this correct? And how does it appear on the credit report? I dont believe him. He says that he wants to keep as much cash as possible to open a business in a year or so. I say he will regret it because of the marks on his report. Who is right?

Answer : I recommend one to visit this internet site where one can get from the best companies: http://personalcreditsolutions.info/index.html?src=MEDFEBcahThu2ugho .

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“Can you settle credit card debt for less than owed? Even if not behind on payments?

OK, few questions. If someone has say, 25k in debt — credit cards, the like is it really possible to call the companies and negotiate a settlement for less than owed? And #2, how does this reflect on the credit report? My brother in law is telling me that he is inheriting about 30 thousand bucks soon, and will be calling his creditors (credit card debt only) and negotiating with them, telling them that he has to file for bankruptcy and offer them less than owed. He SAYS he can negotiate and get them to about .30 cent on the dollar. Is this correct? And how does it appear on the credit report? I dont believe him. He says that he wants to keep as much cash as possible to open a business in a year or so. I say he will regret it because of the marks on his report. Who is right?

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“Can you settle credit card debt for less than owed? Even if not behind on payments?

OK, few questions. If someone has say, 25k in debt — credit cards, the like is it really possible to call the companies and negotiate a settlement for less than owed? And #2, how does this reflect on the credit report? My brother in law is telling me that he is inheriting about 30 thousand bucks soon, and will be calling his creditors (credit card debt only) and negotiating with them, telling them that he has to file for bankruptcy and offer them less than owed. He SAYS he can negotiate and get them to about .30 cent on the dollar. Is this correct? And how does it appear on the credit report? I dont believe him. He says that he wants to keep as much cash as possible to open a business in a year or so. I say he will regret it because of the marks on his report. Who is right?

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“Can you settle credit card debt for less than owed? Even if not behind on payments?

OK, few questions. If someone has say, 25k in debt — credit cards, the like is it really possible to call the companies and negotiate a settlement for less than owed? And #2, how does this reflect on the credit report? My brother in law is telling me that he is inheriting about 30 thousand bucks soon, and will be calling his creditors (credit card debt only) and negotiating with them, telling them that he has to file for bankruptcy and offer them less than owed. He SAYS he can negotiate and get them to about .30 cent on the dollar. Is this correct? And how does it appear on the credit report? I dont believe him. He says that he wants to keep as much cash as possible to open a business in a year or so. I say he will regret it because of the marks on his report. Who is right?

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When the fed cuts interest rates does that mean I get better deals on auto loans or home loans and whatnot ?



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I bought my house last year and ahve a fixed rate but now want to take advantage of the low rates prevailing today.My credit is not that good and refinancing could be a problem because of that

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The new FICO 08 will grade on credit DIVERSITY. I purchased my 2005 KIA SUV with cash, I have a few credit cards with low revolving balances and a mortgage. A bankruptcy in 2004 (due to divorce) is still dragging my FICO down even though from that date I have been stellar with my credit. Seems silly to ask- but the article looks like you could drop 50 points for not having diverse loans!!””

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Names of bad credit mortgages please?



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What makes you qualify for a Chapter 13 bankruptcy over a Chapter 7 bankruptcy?

I am more interested in the Chapter 13 bankruptcy because i would not like to sell my belongings.. I would much more like to pay a portion of the credit cards and what not back.. The reason i havent been able to do so is because the interest keeps adding up and has become too much so I really just need all of that to come to a stop

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Is there any where where I can get my credit checked for free?



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#repost



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Where can I file cheaply for bankruptcy Chapter 7 in Los Angeles.?

This is 2nd time in 10 yrs. that I may be forced to file for Chapter 7 in Los Angeles. I am senior disabled on benefits, so limited income. Last time I did it for under $200 with a paralegal. My question is where can I file for bankruptcy Chapter 7 w/limited income & a senior ? Also, because of new rules, will I get charge off for all my debts. I only have credit card debts, no personal or loans, do not own property or car, assets, etc. probably totaling no more than $25,000 or at least under $30,000. I am in Los Angeles, H’wood, California 90029–90028 zip code, thank u.””

“Can you settle credit card debt for less than owed? Even if not behind on payments?

OK, few questions. If someone has say, 25k in debt — credit cards, the like is it really possible to call the companies and negotiate a settlement for less than owed? And #2, how does this reflect on the credit report? My brother in law is telling me that he is inheriting about 30 thousand bucks soon, and will be calling his creditors (credit card debt only) and negotiating with them, telling them that he has to file for bankruptcy and offer them less than owed. He SAYS he can negotiate and get them to about .30 cent on the dollar. Is this correct? And how does it appear on the credit report? I dont believe him. He says that he wants to keep as much cash as possible to open a business in a year or so. I say he will regret it because of the marks on his report. Who is right?