Jump to content

Take Discover Card Settlement of 60%?


Guest chichi
 Share

Recommended Posts

Guest chichi

Currently owe Discover Card $13,365.97. Just called in and they said they will settle for $8,020. Last full payment made was November 22, Payment of $100 was made on 1/27, no payment made since then. Amount past due is $1,476.00 and the bill has not been turned over to collections. Interest rate is a 28.99%.

Is this settlement negotiable?

Should I take the 60% offer and run with it?

Link to comment
Share on other sites

No, don't run with it. Discover will settle for 40-50%, and if you're really good at negotiating and have a convincing hardship story, you can get 30%. I've never heard of anyone getting lower than 30% before charge off with Discover. 40-50% is very doable.

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.