How apt are federal credit unions to accept setlem

How apt are federal credit unions to accept setlement for cc dept ? and usually how much/

2 Answers

Actually, it will depend upon your negotiation skills and convincing power. There is no fixed percentage. If you can convince the creditors that you are really going through financial problems, then they may agree to reduce the debt amount by a good percentage.

Check out the url to know about the steps to settle debts yourself:

It is completely the discretion of the creditor whether or not to accept your settlement request.  So, they are not bound to accept your request.  If you can negotiate with them and convince them about your hardship, then they may accept your request. But it is difficult to say about the amount for which they will be ready to settle your debts. You may have to speak to the individual creditors in this regard.


As I'm not a lawyer, I believe that "A lean compromise is better than a fat lawsuit". :)

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