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My husband and I owe 43,000.00 in credit debt. We

My husband and I owe 43,000.00 in credit debt. We are current with our payments. Is it possible to settle and pay off a lower amount?

Asked on Fri, 08/12/2011 - 21:12
rj
3 Answers

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We do not want to go delinquent with our accounts. I will be getting the cash but not enough to pay off the whole 43,000.00. We thought if we could settle for a lower amount we could pay them all off. Thanks for your answers.

Answered on Sat, 08/13/2011 - 18:55
rj

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It will be difficult for you to settle your debts unless you are delinquent on them by 3-4 months. If you are current on your payments, then the creditors will think that you can afford to make the payments on your own.


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Answered on Sat, 08/13/2011 - 09:56
Good Nelly

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You would have to let yoru accounts go late first.  Do you the cash up front to settle?  They are not going to let you pay a settlement on payments.

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Answered on Fri, 08/12/2011 - 23:35
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