How Much Should I Pay Off My Credit Card For
Posted on
May 25, 2010
at
7:40 am
If i really cannot afford it anymore, how much should i pay off my credit card for? is it even possible to bargain?
Posted on
May 25, 2010
at
7:42 am
how much should i pay off my credit card for?- Hi James, it is possible to negotiate what you can afford to pay, but it's not that easy. If you have proof of your hardship - if you're experiencing hardship, that is, contact your creditors and ask for their hardship program, and then figure out how much you can afford to pay - honestly, and see if you can strike a deal with them.
Posted on
May 25, 2010
at
7:45 am
how much should i pay off my credit card for? - I agree with Stan, and the answer to this may also depend on your total balance and account status. The creditors hardship program is like the credit counseling agency's debt management plan, in which your interest rates and their terms are to going to be negotiated. That is if your debt amount is not $10k and above and you are still current with your payments.
Posted on
May 25, 2010
at
7:48 am
Hi James, to answer your question, how much should i pay off my credit card for? --- if your debt amount totals to $10k or more and you are past due -- and your account is still with the creditor -- they would accept a settlement of 75% of your balance. As to if that's a one lump sum payment or installment, depends on your negotiation. Another way to settle your debt is to wait for your account to charge off ( 5-6 months) and be assigned to a collection agency.
Posted on
May 25, 2010
at
7:51 am
Right, if your account is with a third party collection agency, the chances of it being settled in percentage would be in the 30-70% range. It's really a case to case/collection agency to collection agency basis. Some cases have complications, like a legal action has already been taken against the consumer, in which case - bankruptcy becomes an option.
Posted on
May 25, 2010
at
7:54 am
Hi James, they have mentioned debt settlement for your large balance and delinquent account - debt settlement being the negotiation of your debt amount down to more or less half - which you can do either professionally or d.i.y. if you're interested in being represented by professional debt negotiators, and would like to get your debt assessed, please feel free to fillout a form here at destroydebt.com, and get matched up to a legitimate debt settlement company.
Posted on
May 25, 2010
at
7:57 am
Speaking of do it yourself debt settlement, you can learn more about it here, http://settleonyourown.com/, you'd save more money, and not worry about whether or not your company is legitimate or not.
ck Rep Points:
Posted on
May 25, 2010
at
8:00 am
Hi there, should you decide to do professional debt settlement, here's a guideline for you to follow - on how or what to look for in a 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 the International Association of Professional Debt Arbitrators
Posted on
May 25, 2010
at
3:34 pm
James, do you have a legitimate hardship? You also would need funds to negotiate settlements on your accounts, If you do I have seen as much as 80% savings on some accounts. Good luck.
Posted on
June 11, 2010
at
5:35 am
There are two basic ways to pay off credit cards. First, by paying off the highest interest rate balance first, followed by the next highest interest rate, and so on. Second, by paying the lowest balance first, followed by the next lowest balance, and so on. Paying off the highest interest rate balance first will take less time and save money on finance charges. 0-balance-transfers-credit-card-mbna | Mbna europe
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