chichi Posted March 28, 2007 Report Share Posted March 28, 2007 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 More sharing options...
AISLE4 Posted March 28, 2007 Report Share Posted March 28, 2007 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 More sharing options...
tls032 Posted March 29, 2007 Report Share Posted March 29, 2007 Aisle hit it right on the head! Good luck! Link to comment Share on other sites More sharing options...
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