http://settleyourcreditcards.com/blog/?p=23 Credit Card Debt settlement Tue, 19 Jan 2010 19:00:43 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://settleyourcreditcards.com/blog/?p=23#comment-135 admin Sat, 21 Mar 2009 16:54:17 +0000 http://settleyourcreditcards.com/blog/?p=23#comment-135 Hi Christy, From what I experienced, each bank and each card is treated separately. I settled with my first bank in August of 2008, another in October, November and December. I continued negotiating with those that I hadn't yet settled with even after settling with others. If you do not have any funds available to settle with all of your creditors at once, there is nothing that prevents you from settling with those you can when you can, and then putting more money aside to settle with others later. As for writing to banks to tell them what you are doing, they'll know anyway. Settlements are reported and any bank that has a loan out to you can pull that information at any time. In my experience, it seemed that settlements with the later banks were a bit speedier when they started to see I was settling with other. I hope that helps. If you haven't yet, I really hope you pick up a copy of "The Do-It-Yourself Bailout" to see how all of these things work out in real experience. All the best, Kenny Golde Hi Christy,
From what I experienced, each bank and each card is treated separately. I settled with my first bank in August of 2008, another in October, November and December. I continued negotiating with those that I hadn’t yet settled with even after settling with others. If you do not have any funds available to settle with all of your creditors at once, there is nothing that prevents you from settling with those you can when you can, and then putting more money aside to settle with others later. As for writing to banks to tell them what you are doing, they’ll know anyway. Settlements are reported and any bank that has a loan out to you can pull that information at any time. In my experience, it seemed that settlements with the later banks were a bit speedier when they started to see I was settling with other. I hope that helps. If you haven’t yet, I really hope you pick up a copy of “The Do-It-Yourself Bailout” to see how all of these things work out in real experience. All the best, Kenny Golde

]]> http://settleyourcreditcards.com/blog/?p=23#comment-134 Christy Evans Sat, 21 Mar 2009 16:47:44 +0000 http://settleyourcreditcards.com/blog/?p=23#comment-134 I have a good written offer to settle with one card company. Can I settle with one and wait until I can get enough money to settle with another? Do I have to make token payments on the other cards until I can settle? Do I write to the other companies telling them what I am trying to do? I have a good written offer to settle with one card company. Can I settle with one and wait until I can get enough money to settle with another? Do I have to make token payments on the other cards until I can settle? Do I write to the other companies telling them what I am trying to do?

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