Do you have any advice on settling a credit card d

Do you have any advice on settling a credit card debt with Discover? What is the lowest percetage that they will accept?

4 Answers

Actually the settlement depends on various factors. It is not only the creditor and their terms but also your affordability. I think it would be best for you to talk to Discover regarding your problem.


There is no specific percentage at which they will agree to settle with you. It fully depends on their discretion and your negotiating skills. If you can convince them, then they may agree to settle with you at a lower percentage.


There are no hard and fast rule which sets the limit for a settlement. Usually, the less chance the bank thinks you have of paying the more chance you have at a lower settlement percentage.


Do your research in this forum and the main forum. I believe they are accepting on average 50%.

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