Posted on
March 3, 2010
at
3:02 am
What is the average credit card settlement?
Posted on
March 3, 2010
at
3:13 am
What is the average credit card settlement?- with the original creditors, collection agency,collection attorney, or junk debt buyer?
Posted on
March 3, 2010
at
3:36 am
What is the average credit card settlement?- Hi it depends on your creditor andthe circumstances surrounding your debt (like if you're experiencing hardship and such).Usually, creditors would much prefer it if they're able to collect on the full amount - butin certain situations they do settle - if you can come up with 75% of your total debtamount - there's a chance that they'd agree to settle.
Posted on
March 3, 2010
at
4:58 am
And what is the average credit card settlement with collection agencies?
Posted on
March 3, 2010
at
5:01 am
Average credit card settlement (collection agencies) - I don't know the exact figures - but I heard that it's on the 35-75% range.
Posted on
March 3, 2010
at
6:02 am
I see.. thank you, what are the chances of me (doing it d.i.y) getting that 35% and howto achieve that - if it's possible ..
Posted on
March 3, 2010
at
6:31 am
The average credit card debt settlement is not a science but a bunch of statistics. Depending on your total debt you can be sure that some creditors/collectors will settle for a lower rate than others. If you join a debt settlement program, including their fees and the amounts you pay back to your creditors you are looking at an average settlement rate between 40 to 60%. To be realistic and keep it in t perspective if I were looking to settle my unsecured debt no matter what the balance, I know I would need at least 50% set aside to satisfy both the creditors and settlement program.
Posted on
March 3, 2010
at
6:32 am
And if you decide that you'd rather use a debt settlement company - feel freeto fill out a form here at destroydebt.com and get matched up to a legitimate one.It's free of charge.
