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If credit cards have been closed because of late payments is it better to pay them off or negotiate a settlement?
Well,
If you have money, pay them off. If you dont have, negotiate with them.
FYI..... Usually collection companies negotiate at better rate than original creditors.
BUT, a lot of collection companies take your money and then ask for more money.
So make sure they send you a written settlement letter and only after that you make a payment to them. Do not trust verbal promises. Absolutely do not. Collection companies try all the tactics to get more and more money out of people's pocket. Be firm and you would definitely get a good settlement. Target 50% :) That is very much doable.
What else can I help you with?
Can you provide some debt settlement examples to help me understand the process better?
Debt settlement is when a debtor negotiates with creditors to pay off a portion of their debt. For example, if you owe 10,000, you may negotiate with the creditor to settle for 5,000 instead. This can help you pay off your debt faster and for less money.
Is it better to finance an auto purchase with a small down payment and high monthly payments or high down payment and small monthly payments?
It is better to finance an auto purchase with a high down-payment and a low monthly payment, because it is less likely for you to fall behind on your payments and acquire debt.
Does debt settlement companies help you settle with credit card debt?
Yes, debt settlement companies can help you settle credit card debt by negotiating directly with your lenders to reduce the total amount you owe. Instead of paying the full balance, these companies work to reach an agreement where you pay a reduced lump-sum amount, and the remaining debt is forgiven. Debt settlement may be helpful if: You’re struggling with high credit card balances Minimum payments are no longer manageable You want to avoid bankruptcy You need professional negotiators to deal with creditors A reliable debt settlement service can handle negotiations, create a structured plan, and help you resolve your debt faster than making minimum payments. While settlement can impact credit temporarily, many people choose it because the savings and relief outweigh the drawbacks. If you’re exploring this option, companies like Better Debt Solutions specialize in helping individuals settle credit card debt, reduce financial stress, and regain control over their finances. You can simply search for Better Debt Solutions online to learn more about their programs.
If you are willing to pay off your credit card do you think they will negotiate on the balance?
No. Why would they? The credit card companies make money by your paying interest. If you are going to be paying off the balance, they will no longer be making money from you. Why would they also desire to be accepting a lower amount for the payoff? If on the other hand, you are behind in your payments, they may then be willing to renegotiate the interest rate to encourage you to make payments rather than walk away from the loan. They may also be willing to negotiate a lower interest rate if you are making payments on time if you should indicate that you deserve a better rate (with them thinking that you will otherwise pay it off and have them make less.)
Should you get a credit card to repair your credit?
You may do that in case of credit card consolidation wherein your credit card debts are consolidated into one credit card. However, if you can still negotiate to lower your interest rate and monthly payments; it is still better to pay off your debt with cash and not consolidation.
Negotiate Better Deals?
First of all, don't ever pay sticker price. Negotiate the lowest price possible so that your payments are more affordable. After that, pay as much as you can on your down payment. It may seem hard to do at first, but in the end you will pay less in payments because you will be paying less interest on you loan.
When is a good time to get a structured settlement?
A good time to get a structured settlement would be whenever is most convenient. The payments can be done monthly or yearly and the better option would be up to the individual based on their needs.
What happens if your mobile home is repossessed voluntarily?
You may still end up owing a lot of money on it ,and you won't have it ! State laws vary on this - better to negotiate a settlement of some kind.
How are Countries are better able to negotiate free trade agreements because of the existence of?
World Trade Organization
A sentence for negotiate?
Every year I meet with our suppliers to negotiate a better deal for my business.
Can you negotiate a settlement on a state tax lien?
Yes, in many cases you can negotiate a settlement on a state tax lien through payment plans, offers in compromise, or by showing financial hardship. Each state has its own rules and procedures for resolving liens. Partnering with professionals like Better Tax Relief can help you navigate state requirements and secure the best possible settlement for your situation.
Can you give me a sentence with negotiate?
The union president was able to negotiate with management to increase our salaries. Can't we negotiate a better deal with the company?
Why settlEment change?
they change because people could want a better lifestyle or to increase the population.
Can you provide some debt settlement examples to help me understand the process better?
Debt settlement is when a debtor negotiates with creditors to pay off a portion of their debt. For example, if you owe 10,000, you may negotiate with the creditor to settle for 5,000 instead. This can help you pay off your debt faster and for less money.
How did the motivations influence their settlement patterns and colony structures?
because they didnt have anthang better to do
Are Structured Settlement Payments Better?
After being injured, you go to court and sue for damages. You end up winning. However, instead of getting your money in one lump sum, you get it through structured settlement payments. For you, this means a smaller amount of money over a longer period of time. Nothing will change that arrangement unless you decide to sell your structured settlement. Don’t make a move just yet, though. Before you do anything, think about what you would be missing with your structured settlement payments. For example, many structured settlement payments are tax-free. This may not necessarily be the case if you sell them, since the conditions of the agreement would change. Consequently, you may end up owing Uncle Sam thousands of dollars. Budgeting concerns are another reason why you might want to keep structured settlement payments. If you are a big spender, you probably won’t be able to handle a large sum of cash at one time. With structured settlement payments, you will always get a stream of income, even if you spend everything you have during the time you receive your money. However, on the other side of the spectrum is the fact that structured settlement payments can be quite limiting. Large purchases are pretty much out of the question, even if you won $1 million. True, you can try to get around this by saving up your payments, but what if you need money right now? If you sell your settlement, you’ll get tens of thousands in a matter of a few weeks. You won’t have to put off your dreams because you don’t have enough money. This does not mean that you should sign up for the first company that offers to buy your settlement. You need to get a lawyer to help you find a business that will operate in your best interests. If you don’t, it is possible that you could lose much of your money. Even in the best of scenarios you can pretty much expect 20% of your settlement to go to the company that you’re doing business with. The percentage goes up if you work with an entity that is shady. In conclusion, structured settlement payments aren’t necessarily a bad thing. If you want guaranteed income for several years, they are the best option. Otherwise, you can consider selling them to get the money you need for today’s expenses.
Why did Quakers support settlements of freed slave in Africa?
Quakers supported the settlement of freed slaves in Africa because they believed it would result in a better life for freemen.
