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What is the minimum amount credit card companies will accept in a one time settlement offer?
Wiki User
∙ 15y ago
It depends on the creditor. I would start at .10 cents on the dollar or 30% of the balanced owed, and work from there. Speak to the Manager of the department when negotiating, and get everything in writing before making a payment.
Wiki User
∙ 15y ago
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If you try to accept a settlement offer from a creditor after the expiration date can they deny you the settlement amount and garnish your wages?
Yes, they can. Hoever, they can only garnish 25% of your pay after taxes.
What is the average amount accepted by credit card companies in a debt settlement?
Answer: Generally the amount accepted by credit card companies in a debt settlement varies depending on the amount of debt and the company you are negotiating with. The average would be anywhere between 70% to 50% and sometimes you might get it settled for around 45% also. I guess it is better to leave these tasks to a debt settlement company, their knowledge and experience puts them in the best position to stand up to your creditors and fight for the best settlement possible. I would recommend you for companies like freedom debt relief which are legitimate and reputable.
Can the amount of a past due credit card balance be reduced?
Original creditors will not accept a settlement for less than the amount owed. Collectors who purchase an account will usually be willing to accept an amount for less than the full balance of the account rather than pursue lengthy and expensive litigation procedures.
Can you send credit cards 5.00 per month and do they have to accept it?
Most credit card companies demand a minimum monthly payment of 5% of your balance owed.If you owe $1000 your minimum payment would be $50.You can send any amount you want. However your balance owing will steadily increase. It will only affect your credit rating.If you pay only the minimum payment each month, it will take years for you to pay your bill.
How much amount to open saving account on sbi?
The minimum amount required depends on the facilities you want. If you want an ATM card and a cheque book on your account, the bank will ask you for Rs. 1000/- or more as minimum deposit. If you don't want these features then the bank should accept only Rs. 500/- as the minimum deposit.
Will a cash advance company accept settlement for debt?
They usually will. they will give a minimum amount they will settle for.
How much is the cash settlement amount from an insurance company for an auto accident?
As little as they can get you to accept.
How much do those advance companies charge for giving you cash on a structured settlement?
Depending on the compan and the amount of settlement that you are recieving. They can charge up to 10 to 20 precent of the settlement.
If you try to accept a settlement offer from a creditor after the expiration date can they deny you the settlement amount and garnish your wages?
Yes, they can. Hoever, they can only garnish 25% of your pay after taxes.
What is the average amount accepted by credit card companies in a debt settlement?
Answer: Generally the amount accepted by credit card companies in a debt settlement varies depending on the amount of debt and the company you are negotiating with. The average would be anywhere between 70% to 50% and sometimes you might get it settled for around 45% also. I guess it is better to leave these tasks to a debt settlement company, their knowledge and experience puts them in the best position to stand up to your creditors and fight for the best settlement possible. I would recommend you for companies like freedom debt relief which are legitimate and reputable.
Can the amount of a past due credit card balance be reduced?
Original creditors will not accept a settlement for less than the amount owed. Collectors who purchase an account will usually be willing to accept an amount for less than the full balance of the account rather than pursue lengthy and expensive litigation procedures.
Can you send credit cards 5.00 per month and do they have to accept it?
Most credit card companies demand a minimum monthly payment of 5% of your balance owed.If you owe $1000 your minimum payment would be $50.You can send any amount you want. However your balance owing will steadily increase. It will only affect your credit rating.If you pay only the minimum payment each month, it will take years for you to pay your bill.
How much amount to open saving account on sbi?
The minimum amount required depends on the facilities you want. If you want an ATM card and a cheque book on your account, the bank will ask you for Rs. 1000/- or more as minimum deposit. If you don't want these features then the bank should accept only Rs. 500/- as the minimum deposit.
Can you buy pumpkins with your ebt card in NJ?
It is entirely dependant on whether the merchant selling the pumpkins has the facilities to accept electronic banking cards. Additionally, should they have such a facility, there may be a minimum purchase amount for which they will accept the card. This is because the banking transaction costs the merchant a rather substantial amount. Minimum purchase policies can range anywhere from as little as $10 up to $20 depending on what it costs the merchant.
What states Expose the minimum number of people to the minimum amount of explosives for the minimum amount of time?
principle of explosives safety
What are some franchise companies to purchase into with a minimum amount of investment.?
You can find low cost franchise information about companies such as CTi, Top Seek Internet Marketing, and Candy Boquet, etc. at http://www.franchisedirect.com/investment1/
How do you use the word minimum in a sentence?
He did the minimum amount of work possible.Most people want the minimum amount of yard work possible.
