Comments on: How to Negotiate With Credit Card Companies

By: Jean Loup Bitterlin

Jean Loup Bitterlin — Sun, 06 Jun 2010 04:07:24 +0000

Dear Philip, Got your call but had cell problems and wasn’t able to return your call, but yes, I am from Ensenada and have the El Rey Sol restaurant. My problem is with a 28 year old daughter without a job that was given more than 30,000 dlls in credit line from Saks, this is without a job history, etc. While times were good, her mother helped finance, but as your are aware, tourism to Baja is extremely low, so I can’t do much to help. I was authorized to speak to the collections law office and they offered a 25 % cash discount or a 10% payment with 30 payments of 900 per month. What are my daughters options? She doesn’t have a job or anything to her name. My question is how do they give sooo much credit to someone in her financial reality. My cell is 858-414-4825, Jean-Loup

By: Cisco

Cisco — Tue, 13 Apr 2010 10:01:40 +0000

Hello, I don’t know if you can help me but it’s worth a shot. I am currently negociating my cc debt with Chase bank. I’m about 5 months behind on my payments and owe about $8,000. At two months behind I called and was offered a 50% settlement. I figured if they started at 50% I had a real good chance to get an even better settelment. Now I’m 5 months behind and they a not budging on the 50%. I don’t know if I should continue to try or just accept the 50%. What would you recomend I do to get a better rate? Is there anything I can do? In your experience is this typical? Any bit of info would be greatly appricated! Thank you in advance.

By: Mary Ann Casey

Mary Ann Casey — Fri, 26 Feb 2010 17:02:45 +0000

At what point after stopping payments to cr card companies should I try to start negotiations?

I am very interested in the virtual roundtable “How to Negotiate with Credit Card Companies”, please advise when this will start.

Thanks

By: VeroniQue-R. Fields

VeroniQue-R. Fields — Thu, 25 Feb 2010 05:41:15 +0000

I had to call my CC co.(Chase Bank) and tell them I could not pay on my credit card debt (in Oct. 2009). Was transferred to a lady who asked questions, which I answered,and she set me up with a pay’t of 1/2 of the min. Two days later I was phoned by another person who wanted $100 more and didn’t accept my reason my reason for non-payment. I asked if he understood plain english and he hummed & hawed and finally hung up.this was followed by other persons, as many as one a day for a week and then one every 2 days. I finally said I can’t pay you ’cause I didn’t have the money. As of now I think I’m in collections because the letters and phone calls have stopped and I refuse to talk to the collections people.I’d like to be able to pay these people but the $$$ is not there. I got very sick due to paying the Cr Cd instead of buying food and decided I needed to get well before I could handle this. is there a way to negotiate even tho’ I’m in collections?

By: Angie

Angie — Tue, 16 Feb 2010 18:28:25 +0000

I was wondering where the $150,000 negotiation story is? I am very anxious to read it. My credit card debt came from $12,000 in medical bills and then the interest snowballed me into $19,000. The stress of this debt the last six years is taking its toll.

By: Yolanda

Yolanda — Sat, 13 Feb 2010 02:02:36 +0000

Lalta your question is not very clear. Anything pertaining to settling debt w/o a plan affects your credit. I would advise you to contact your local Attorney General’s Office b/c this sounds like a Consumer Affairs issue. Whenever you are in business you have to stay abreast your clients as well as contracted businesses. It is important to check business references. This may be a civil case. Hope this helps.

By: Jacquelline Scott

Jacquelline Scott — Wed, 10 Feb 2010 16:27:01 +0000

I have credit card problems, but they are excerbated by student loans. Is there any help with those? They seem to be a run-away train with all the interest compiling…thanks

By: Philip Tirone

Philip Tirone — Tue, 02 Feb 2010 01:23:41 +0000

Irene – please go to the “Contact Me” page at the top of this web page, and I will get your private correspondence. I look forward to connecting.

By: irene

irene — Sun, 31 Jan 2010 16:03:45 +0000

To Philip Tirone,

Could I talk to you via telephone, please send me your phone number and best time to call you.

Thank you,
Irene

By: Linda Washington

Linda Washington — Sat, 30 Jan 2010 21:04:30 +0000

I have an account with Chase that I’m trying to negotiate settlement for $1,000 from the actual amount of $6,000. I just recently went back to work after being unemployed for several months, and now I’m in a position to negotiate a settlement with them. They have since charged off this account and turned this matter over to a law firm to collect. The law firm they turned this over to hired a local law firm here in Kansas City, MO to handle the collection process. The local law firm has consistently lied to me about the original law firm refusing to accept my settlement offer, when in fact I found out from talking to someone at the original law firm that they never received my $1,000 settlement offer from the local law firm. Now I have to totally bypass the local law firm and try to negotiate a settlement with the original law firm. What’s the best tactic to use to negotiate a successful settlement with the original law firm? Thanks so much for your help.