spencer97 Posted September 9, 2010 Report Share Posted September 9, 2010 We're ready to start talking to some of the cc companies, we think to find out about settlements, is it better to wait until they are of a certain age late to do so? One is with Citibank, balance is about 2300, right now it is going on the second statement with no payment made, is it better to contact them now and start the ball rolling or wait until closer to the 90 days? We really are only looking to settle, we are not in any financial way to continue payments. Thanks for the help. Link to comment Share on other sites More sharing options...
easystreet Posted September 9, 2010 Report Share Posted September 9, 2010 citi was ready to deal pretty quickly (they offered 45% at about 60 days, or so)...i think it took about 90+ days or so to get them to 35%...most of the banks we have dealt with, though, have not wanted to talk settlement until we were 90-120 days late. it doesn't hurt to call 'em periodically, & apprise them of your situation...most reps are pretty helpful, & will inform you when they can talk settlement, etc. Link to comment Share on other sites More sharing options...
ramirezhenry55 Posted September 17, 2010 Report Share Posted September 17, 2010 You might wanna consider debt consolidation too? Link to comment Share on other sites More sharing options...
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