HI Average Joe
I'm in the process of negotiating debt settlement with creditors. I awaiting proceeds from a real estate deal. Then I will send them all the same letter - whatever is left after all the legal and bank fees I would like to distribute evenly amongst the creditors - might only be 10-15%.
I've got some down to 30% - but how did you manage to get them down to 10% - any special techniques?? If you sent them letters - would you share with us some of the wording??
Also - when you're dealing with a collection agent - how do you know if the debt was sold to them or if they're just temporarily working on it??
One more thing - did you manage to convince any of them to remove negative coments or ratings from your credit report??
thanks in advance for any advice