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    ericact5's Avatar
    ericact5 Posts: 6, Reputation: 1
    New Member
    		  
    #1

    Aug 27, 2009, 07:28 AM
    Debt relief
    Can I be successful by myself in negogiating a reduced payoff on unsecured credit card debt. Chase bank reduced my balance to 25% of what I owed after they took over Washington mutual. What are the costs and risks the large creditors are capital one target and wells fargo
    stevetcg's Avatar
    stevetcg Posts: 3,693, Reputation: 353
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    #2

    Aug 27, 2009, 07:40 AM

    If you are significantly behind and you can pay off the agreed amount in a lump sum, you may be successful... although I doubt with Capitol One...

    CO is notorious from being consumer unfriendly and would rather sue you than help you.
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