hotdami812 Posted September 19, 2003 Report Share Posted September 19, 2003 a friend of mine is trying to settle with these idiots, they refuse to take anything less than 80%, then had the nerve to tell him they will be going forward to arbitration. the account is of course with MBNA any suggestions on how to settle for 50%. I need a little ammo. Link to comment Share on other sites More sharing options...
md Posted September 19, 2003 Report Share Posted September 19, 2003 It is going to depend so much on the particulars of the case, how the other accounts look on the CRs, current job status, debt status, late payment status. The worse all of these things are the lower the settlements will go.I was able to settle for 40% with them, but it was never assigned to a CA and it was before charge-off. Link to comment Share on other sites More sharing options...
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