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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.
What else can I help you with?
Can you explain how debt settlement companies work?
Debt settlement companies negotiate with creditors on behalf of individuals to reduce the amount of debt owed. They typically require clients to make monthly payments into a special account, which is used to settle the debts once a negotiated agreement is reached with the creditors. This process can help individuals pay off their debts for less than the full amount owed, but it can also have negative impacts on credit scores and may not always be successful.
Can you change the down payment amount after an offer is accepted?
In most cases, the down payment amount cannot be changed after an offer is accepted. It is typically a fixed amount agreed upon in the initial offer.
What does loan accepted on principle mean?
The phrase 'loan accepted in principle', is commonly used by companies which use very basic underwriting criteria for the first stage of the application process. Some companies will say you are accepted if your over 21, employed, and have a direct debit facility. This in no way means that you are accepted, they may even charge you an up front fee to continue with the process. Not until you have a firm offer of a contract stating your loan amount, monthly repayment etc must you consider you have had your loan accepted. If you wish to get any further info please leave a reply here or on www.findingaloan.co.uk Thanks Paul
How can you clear my debts?
Debt settlement is highly successful and gets you out of debt quicker than any other method (12 - 36 months on average). Debt settlement is the process of negotiating with your creditors/debt collectors for a lower, agreed upon, amount to get you out of debt faster.
What are the disadvantages of using a debt settlement agency?
There are many disadvantages to using debt settlement agencies. One of these disadvantages is that they will charge a certain amount of the money amount being disputed for their services.
What is the average settlement amount after disc fusion surgery?
The average settlement about after disc fusion surgery is $50,000. This amount can vary greatly depending on the severity of the surgery and the extensive risks associated with it.
What is the average settlement for slip and fall at walmart?
169,069. average amount of 125 cases.
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.
Average Workers Compensation settlement amount for hernia surgery in the state of Missouri?
Missouri
What is the average settlement amount for a torn Achilles tendon?
The average settlement amount for a torn Achilles tendon injury can vary significantly based on factors such as the extent of the injury, medical expenses, lost wages, and pain and suffering. Settlement amounts can range from a few thousand to tens of thousands of dollars. It's important to consult with a personal injury attorney to determine a fair settlement amount for your specific case.
Average settlement in a front end accident?
Amount of settlement is dependent on how much damage has occurred, and who was listed at fault on the police report.
What is an average award or settlement for a herniated disc?
There is no average award or settlement for a herniated disc, because so many different factors are involved. Award amounts will vary depending on whether the cause was negligence or not and what actually happened. A range for a settlement amount for a herniated disc is anywhere from $20,000 to $150,000 or more.
What is the average settlement in a wrongful death lawsuit?
It is difficult to determine the average settlement in a wrongful death lawsuit, because a meau number doesn't address the factors for determining the amount of settlement. These factors are figuring out the life expectancy of the deceased and taking into account how much money he or she would be expected to earn during that time. Therefore, each settlement is unique.
What is the average settlement for an auto accident and victim got a broken leg in 3 places and a broken rib?
There is no average or typical settlement amount. The amount of costs that the victim incurred in medical and other expenses addition to his/her time out of work would be the basis for seeking recovery. If the injured has serious surgeries and spent a lot of time in the hospital, the amount would be much higher than if they were treated in the emergency room and released. The amount of settlement also depends on the defendant's situation. His/her insurance would only be liable up to the policy maximums. If the defendant does not have the ability to pay over that, the potential settlement would be capped there.
What is the average dollar amount given as a wedding gift?
* On the average it would be $50 - $75. However, whatever the couple or person can afford should be accepted graciously and generally is.
What is the settlement average on mesh bladder sling cases?
The average settlement amount in mesh bladder sling cases can vary widely depending on the specific circumstances of each case. Settlements can range from a few thousand dollars to several hundred thousand dollars. Factors that can influence the settlement amount include the severity of the injuries, the degree of medical expenses and lost wages incurred, and the strength of the evidence supporting the plaintiff's claim.
Are life settlement receipts taxable?
There is no clear cut answer for this question as the IRS to date has not provided definitve guidance. I also must make a disclaimer that I am not providing tax or legal advice, and it is always best to consult with your CPA. Generally speaking, the common accepted taxation belief for life settlements is as follows: The amount of the settlement offer that is equal to your annual premium payment - this amount of the offer would likely be treated as non-taxable. The amount of the settlement offer that is equal to the difference between the cash surrender value and the annual premium on the policy - this amount of the offer would likely be treated as ordinary income The amount of the settlement offer that equals the difference between the cash surrender value and the settlement offer - this amount of the offer would likely be treated as capital gains. Hope that gives you a good starting point.
