Posted on November 11, 2009 at 3:47 am How to settle credit card debt that's over $10 000?You can do- it -yourself or employ the services of debt settlement company.One of its qualifications is over $10,000 amount of debt and then past due accounts.If you are interested in getting matched up to a legitimate settlement company/program, please feel free to fill out a form here at destroydebt.com

Posted on November 11, 2009 at 3:59 am How to settle credit card debt that's over $10 000? - d.i.y.If you are not yet past due or behind on your accounts - stop your monthly payments, until you fall behind. Creditors don't  negotiate. Brace yourself for the creditor calls - ignore those because in 6 months time, they are required by the law to write off the account, and they usually turn over the account to collection agencies. (you try to settle with them instead of the creditors)Make an offer that you can afford. Start with a very low percentage, lower than 50% and expect it to be refused. You make another one, it might get refused too. The longer your debt sits there, the cheaper its worth become.Take your time. Tell them you're filing bankruptcy.If they budge, make sure to get everything in writing before you send in payment.

Posted on November 11, 2009 at 4:03 am If however you cannot do those things that light and shade posted -You can always enroll in a debt settlement company, provided that you meet the qualifications. They would do all those for you - and even minimize collection calls. If you were told that a legal action is going to be taken against you, a debt settlement company may also or can speak to the law firm on your behalf. It'll save you lawyer fees.

Posted on November 11, 2009 at 4:04 am Thank you for posting on this thread! And to add to what you guys have written, if the consumer is wondering how much it would cost to enroll in a debt settlement program:Debt settlement companies will  charge15% of the total debt amount  spread over 18 months or take apercentage of the settlement amount (20-25%)

Posted on November 11, 2009 at 4:06 am How to settle credit card debt that's over $10 000 - What to look for in a debt settlement company?-The settlement company's program must have a fast completion time. 12-36 months.-The program must be able to protect and improve the consumer's credit standing.-Must be a member of the Better Business Bureau, BBB, for at least 5 years.-Must also have a good standing with the Chamber of Commerce-A Member of TASC - The Association Of Settlement Companies and the IAPDA or theInternational Association of Professional Debt Arbitrators