Category: Debt

When Are Creditors Willing To Settle?

Question I have several credit cards in varying stages of delinquency. How far behind does one typically have to ¬†fall, before a creditor is ready to accept a reduced settlement? And when do creditors typically give up and send the account to a collection agency? Response In my …

Ins and Outs of Debt Settlement Companies

Question Do you have any advice on debt settlement companies? I am involved with one now and I am not sure I made the right decision. Response I personally do not like debt settlement companies and wouldn’t advise anyone to use one. The true benefit from getting out …

How Long for a Goodwill Response?

Question I sent 3 of my creditors goodwill letters about 2 months ago. How long does it take for a response? And if nothing happens, what should be my next step? Response Are these accounts paid in full? If not, offer them a settlement in exchange for complete …

Negotiate Full Debt Amount or Settlement?

Question I have an unpaid account in collections. But the original creditor is also on my credit report. Which one should I negotiate with to pay and have it removed? Do I negotiate the full amount, or the settlement amount? Response Try to stay away from collection agencies …

How to Pay Off Bills and Debt

If you have read my previous articles, you might be saying to yourself, “Ok Ashley, you are giving me all this advice on how to fix my credit score and negotiate with the credit bureaus –are you assuming that I have the money to negotiate with? How do …