QUESTION
How can I ask creditors to take less than what I owe?
Asked on Dec 23rd, 2011 on Bankruptcy - Kansas
More details to this question:
I am trying to payoff some credit cards. How can I ask creditors to take less than what I owe is this possible?
1 ANSWER
Bankruptcy Attorney serving Overland Park, KS
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The Smalley Law Firm, LLC
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You can call creditors and attempt to negotiate a settlement with them for less than what is owed. They are more likely to take less if you are behind on your payments or your account is in collections.
Answered on Dec 28th, 2011 at 1:51 PM