Any comments on experiences with companies debt negotiation, firms seeking to reduce the indebtedness of a credit card?
After a divorce, my debts with credit card companies, especially with the new minimum payments increased unachievable, and I am looking for relief – these companies argue that, for a fee, 15% of the total traded = usually 50-60% of the original balance, they will negotiate with companies credit card and you pay the lower amount, something you can afford – are real and how they work?
From what I understand, companies in liquidation debt charge a fee based on the amount saved. For example, if you have a credit card debt of $ 22,000 and negotiate an agreement with your credit card accepting $ 12,000, then you will be charged a fee based on the $ 10,000 saved. If the rate was 20%, then you make the payment of debt $ 2,000. You can negotiate this for yourself. Information is readily available on the web. Check out these sites …… http://www.creditinfocenter.com/ http://credit.about.com/od/debtconsolidation/ss/debtsettle.htm http://www.zipdebt.com/
Reduce Credit Card Debt
