I have accumulated a very large amount of credit c

I have accumulated a very large amount of credit card debt that I want to pay off with cash. I want to negotiate the balances down as much as I can. What documentation do I have to provide in order to prove to the credit card companies that I have lost my income? Tax returns? Bank Statements? Do they have access to my financial records otherwise?

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We've never had to forward proof of income, monthly cash flow, etc., to creditors when we negotiate settlements for our clients. Usually providing this information, verbally, over the phone is sufficient. Once in awhile we are asked to provide written proof when negotiating with a litigating attorney, but even this is rare. Good luck!

http://www.debtconsolidationcare.com/companies/donaldson-williams-inc/

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Yeah most of them will ask your monthly income proof, in the form of your bank statements, payment stubs, payslips. Unless you give them the access to your financial records, they can't do anything without your permission.


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It is good that you want to take care of your debts. You can provide them with the copy of your paystub, bank statements to prove that your income has dropped. Check out the following url to know the steps to settle debt on your own:

http://www.debtconsolidationcare.com/steps.html


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Most will probably do a financial statement over the phone.  Are these debts current or behind/defaulted???

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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