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Entries Tagged as 'debt settled for less than owed'

What is a Reasonable Settlement Offer on a Repossession?

June 28th, 2010 · 2 Comments · Auto Loans, Debt Settlement

Q. What is a reasonable offer when trying to settle a $7000.00 debt? My husband and I owe on a voluntary repossession from almost 5 years ago (shame on us I know) and we want to negotiate with them so that we can buy a house. We aren’t sure what cash offer we should offer [...]

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Are Credit Card Companies Now Willing to Settle Debt for Less?

September 11th, 2009 · 16 Comments · Credit Cards, Credit Counselor Front Lines, Debt Settlement

There have been many reports in the news lately that credit card companies are willing to settle 35%-50% of the balances owed. I agree with these reports, as I have talked to many clients recently about their own debt settlement successes. Many of them have indeed been able to settle for as little as 35% [...]

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