How Much Should I Offer To Settle A Debt
Posted on
May 14, 2010
at
4:55 am
how much should i offer to settle a debt? how many times should i offer or when do i say yes when they offer?
Posted on
May 14, 2010
at
5:07 am
how much should i offer to settle a debt? It really depends on what you can afford and your account status. how many times should i offer or when do i say yes when they offer? Again, this depends on if your account is with your original creditor (which then depends on the no. of days you are overdue), or if it's charged off (with a third party collection agency)
Posted on
May 14, 2010
at
5:21 am
how much should i offer to settle a debt? - I'm guessing that you're doing a d.i.y. debt settlement? That's a good thing, only, you have to know the character of your creditors. Some of them are aggressive in suing for judgment. Typically, if you enroll in a debt settlement company, you would be asked to stop all your payments until your account charges off, but unfortunately, there are creditors that take legal action against the consumer before the account reaches the 5th-6th month of non-payment (charge off). So anyway, if you have 75% of your total balance ready to hand over to them, I don't think you'd have any problems.
Posted on
May 14, 2010
at
7:51 am
how much should i offer to settle a debt?-If your account is with a collection agency, you can settle anywhere from 30-70%, and of course, you should start with the lowest and negotiate from there.
Posted on
May 14, 2010
at
7:55 am
A warning though if you're doing it yourself, some consumers have complained of not being taken seriously by some collection agencies..so in cases like those, it's probably better to enroll in a settlement company and have them take care of everything for you. Another advantage of being in a debt settlement program is the reduction (not elimination) of collection calls.
Posted on
May 14, 2010
at
7:59 am
Regarding sunflowerseeds comment, perhaps that could be avoided if youknow your way around debt settlement, and this might help you http://settleonyourown.com/ so read up;
Posted on
May 14, 2010
at
8:32 am
how much should i offer to settle a debt?- Hi it also depends on your creditor. The settlement percentages differ per creditor. And if you are going to shop around for a debt settlement company? Ask for their sample settlement letters. If they claim that they can settle for this and that percentage from this and that creditor, see if they're telling the truth.
Posted on
May 29, 2010
at
7:12 am
If you offer a lump sum payment to debt collectors, be sure to understand that no standard or general rule applies to how much you should offer; it could be 70%-80% of the debt, 50% of the original debt or even 30% or less, depending on the nature of the debt. Usually debt collectors who have given up on you will be willing to settle for 30% or less of the original amount owed. Before you make an offer for lump sum payment, pick the lowest amount you are sure you will be able to pay and stick to it. This is because once the collector sees you agreeing to one amount; it will try to talk you in to paying more. Do NOT agree to pay more, stick to your original amount!
Posted on
September 24, 2010
at
12:56 am
You shouldn't offer yourself in my opinion, let them negotiate, because you are not a debtor. Your interest should be getting back the maximum amount of your money.Le
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