Do you know about Debt Negotiation Company and bankruptcy?
I'm trying to figure out if trying to negotiate a partial payoff of my
credit card debt would be a reasonable avenue to pursue, rather than
going with bankruptcy. Bankruptcy doesn't look good to me at this
point because 1)not all of the value of my home is exempt under state
or federal house equity limits, and 2) hopefully I *should* be able to
pay off about 40-50% of the credit card debt within the next year,
from income I'm pretty sure will be coming.
I'm wondering if there is anyone who has had actual experience with
trying to negotiate with credit card companies, and if they could tell
me how low they were able to get the percentage down to (with what
company/companies). Or... if anyone knows of any good source of
information on this subject.
Give me some advances for any help with this.
-It is difficult to negotiate an average settlement on a number of cards less
than 50%. And if the debt is less than 6 months in arrears, you won't be
able to get that low.
-I think that 50% is a reasonable number. Generally you have to be pret