Comments on: Can I make a credit card co accept my offer to buy debt out? http://www.reducecreditdebt.info/can-i-make-a-credit-card-co-accept-my-offer-to-buy-debt-out/ Mon, 01 Aug 2011 19:38:35 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Judy http://www.reducecreditdebt.info/can-i-make-a-credit-card-co-accept-my-offer-to-buy-debt-out/comment-page-1/#comment-14989 Judy Mon, 10 May 2010 11:01:52 +0000 http://www.reducecreditdebt.info/can-i-make-a-credit-card-co-accept-my-offer-to-buy-debt-out/#comment-14989 I would be an open book to that credit card agency. They will not contact your other creditors or your employer. IF you get sued and they take you to court, then it will show up on your credit report (and other creditors will find out), and your employer will know when they do a wage garnishment. You can get a book on Debt and Credit repair - they will teach you all the tricks - like a pro Or you can contact NFCC.org THis is a non-profit government agency - no cost to you. Call them and make an appointment with a local office. They will put you on a DMP program and ask you to cut up all your credit cads in front of them. / I would be an open book to that credit card agency.
They will not contact your other creditors or your employer.
IF you get sued and they take you to court, then it will show up on your credit report (and other creditors will find out), and your employer will know when they do a wage garnishment.

You can get a book on
Debt and Credit repair – they will teach you all the tricks – like a pro

Or you can contact NFCC.org
THis is a non-profit government agency – no cost to you.
Call them and make an appointment with a local office.
They will put you on a DMP program and ask you to cut up all your credit cads in front of them.
/

]]> By: timothy p http://www.reducecreditdebt.info/can-i-make-a-credit-card-co-accept-my-offer-to-buy-debt-out/comment-page-1/#comment-14990 timothy p Mon, 10 May 2010 11:01:52 +0000 http://www.reducecreditdebt.info/can-i-make-a-credit-card-co-accept-my-offer-to-buy-debt-out/#comment-14990 You can't make them accept anything. You are not legally obligated to tell them details of your other debts either. In the mean time while you are awaiting their decision the balance is still growing. Keep in mind that you are asking a favor from them. I understand that it is fairly easy to get into debt that is difficult to manage. From their perspective, you borrowed money on terms that you agreed to and now you don't want to pay it all back. If you can show that your offer is the most you can afford to pay then they may accept. It is likely that they want this information to calculate their risks and to see how much you can actually afford to pay. They will try to get them most out of you that they can. Do you blame them? You may be able to negotiate them removing fees, interest and penalties. You can’t make them accept anything. You are not legally obligated to tell them details of your other debts either. In the mean time while you are awaiting their decision the balance is still growing.

Keep in mind that you are asking a favor from them. I understand that it is fairly easy to get into debt that is difficult to manage. From their perspective, you borrowed money on terms that you agreed to and now you don’t want to pay it all back. If you can show that your offer is the most you can afford to pay then they may accept.

It is likely that they want this information to calculate their risks and to see how much you can actually afford to pay. They will try to get them most out of you that they can. Do you blame them? You may be able to negotiate them removing fees, interest and penalties.

]]> By: Dan B http://www.reducecreditdebt.info/can-i-make-a-credit-card-co-accept-my-offer-to-buy-debt-out/comment-page-1/#comment-14991 Dan B Mon, 10 May 2010 11:01:52 +0000 http://www.reducecreditdebt.info/can-i-make-a-credit-card-co-accept-my-offer-to-buy-debt-out/#comment-14991 You can't make them accept your offer. They may come back with a counter offer. But in order for them to consider your offer, you have to spill your guts out about your income and other debts. If you don't tell them about your other debts, they will presume those debts don't exist; they will interpret that your income is sufficient cover your credit card debt; they will deny your offer. They will check your credit profile to compare your debts with what is listed in your profile. Debts you have listed that don't appear on your profile will have to be reconciled - explained. Also note that if they accept your offer, your credit will be severely damaged because it will be listed as a settlement for less than owed. You can’t make them accept your offer. They may come back with a counter offer. But in order for them to consider your offer, you have to spill your guts out about your income and other debts. If you don’t tell them about your other debts, they will presume those debts don’t exist; they will interpret that your income is sufficient cover your credit card debt; they will deny your offer. They will check your credit profile to compare your debts with what is listed in your profile. Debts you have listed that don’t appear on your profile will have to be reconciled – explained.

Also note that if they accept your offer, your credit will be severely damaged because it will be listed as a settlement for less than owed.

]]> By: StephenWeinstein http://www.reducecreditdebt.info/can-i-make-a-credit-card-co-accept-my-offer-to-buy-debt-out/comment-page-1/#comment-14992 StephenWeinstein Mon, 10 May 2010 11:01:52 +0000 http://www.reducecreditdebt.info/can-i-make-a-credit-card-co-accept-my-offer-to-buy-debt-out/#comment-14992 You cannot make them accept the offer. You do not have to provide the information, but if you do not, then they will not accept the offer. You cannot make them accept the offer. You do not have to provide the information, but if you do not, then they will not accept the offer.

]]> By: zzzmama http://www.reducecreditdebt.info/can-i-make-a-credit-card-co-accept-my-offer-to-buy-debt-out/comment-page-1/#comment-14993 zzzmama Mon, 10 May 2010 11:01:52 +0000 http://www.reducecreditdebt.info/can-i-make-a-credit-card-co-accept-my-offer-to-buy-debt-out/#comment-14993 legally I don't have any answers for you other than you can make an offer of settlement. They can then as they have ask you for lot's of info about your income etc. They do have the right to request that. Get a lawyer and have him help you with it. Thats really the best way since he will know what you should or should not tell them and how it can affect you in the future. Good luck legally I don’t have any answers for you other than you can make an offer of settlement. They can then as they have ask you for lot’s of info about your income etc. They do have the right to request that. Get a lawyer and have him help you with it. Thats really the best way since he will know what you should or should not tell them and how it can affect you in the future. Good luck

]]> By: Jonathan http://www.reducecreditdebt.info/can-i-make-a-credit-card-co-accept-my-offer-to-buy-debt-out/comment-page-1/#comment-14994 Jonathan Mon, 10 May 2010 11:01:52 +0000 http://www.reducecreditdebt.info/can-i-make-a-credit-card-co-accept-my-offer-to-buy-debt-out/#comment-14994 hello If you are looking for site , that really works, the most trusted site online is http://DebtExpertAdvice.info . They are top rated company... Last year I joined them and they helped me to get rid of my debt. That really works. I think this will help you hello

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