First Offer Sent to Us

sorry posted this is the wrong place. Ooops!!

Greetings "[URL="http://www.debtconsolidationcare.com/forums/member.php?u=231522"]debtinthedistance[/URL] "

The first settlement is always the most rewarding as you've really begun to slay the plastic "masters".

Chase-me down, was one of my easiest to settle with but I negoitiated about 33% overall (Had multiple accounts).

70% of the balance is still way too high.
Patience will get you there eventually.
90 days ain't quite ripe enough.....usually is 120-150 days.

You've got a good plan and stick with it.
Please keep us informed regarding your journey.

Regards,
King "Kash" Jabba Labba

Rrecently I have become extremely under-employed ,I have aprox 32 k in debt w/ multiple credit cards (bank of amer,ge money,citibank ,chase,etc) ..I am new to this forum but is it possible to negotiate balance reductions on my bills ? If so --do I need to wait to become 90 days late before they willl consider me or can i approach them now as i have been current for some time. Also on most of these balance i have negotiated the rates lower . will that preclude me from any further leniency? thank for your help

Ethan,

You need to be behind your payment for at least 90-120 days in order to negotiate for settlements.

Paul, thanks for your help. Based on information from this forum, I can make same negotiations w/ credit card companies that debt reduction companies claim they do on my behalf . Bottom line , I save on all outrageous maintenence and attorney fees. Am i missing anything on this?

You are perfectly on line. Just go through the various posts and articles you will find on this site. if you have problem or confusion, be free to post them. The members of this community will help you out with advice and plan of action. Best of luck.