Do not accept the first settlement offer: Continue negotiating even if you think you have a decent settlement offer. Often times the first offer is a starting point of negotiation, while it may take a few more months to receive a decent offer that works for you. Do not seem too eager to settle, because if the creditor notices that then they may not offer you a decent settlement. Stay strong and hold out, eventually you will get something that works for both you and the creditor. Think of the first offer as a starting point.
Credit Card Debt Settlement Specialist, My Debt Liberty has settlmed over 500 million dollars worth of debt for thousands of customers.
Furthermore, the agency never stopped funding contractors who fight whistleblowers in and out of court for years, only to offer a settlement at the last minute. One union representing thousands of workers at DOE facilities calls such delays "one of the most effective ways for an employer to retaliate against whistleblowers. The worker is left sitting on the outside with no means of support."
This is the fact ; your debt has gotten out of hand. You did not mean for it to occur and no one is blaming you. You may be ready to have eliminated this problem had you paid off credit card debt at the end of every month ; but that situation might have been outside your control. You've got to charge simply to get by, the bill is growing and you can't even stay alongside of the debt.
Generally, it seems that most banks, credit card issuers and other lending institutions are not interested in negotiating settlements with customers who are current on their payments. In my experience, most people who could save many thousands of dollars through debt settlement will not do so because they do not want to miss payments for two reasons.