Question: Can I settle on current credit card debt?
Answer: You can offer a settlement offer on any type of debt. However, whether it is accepted by the creditor is the question. Most creditors want to clearly see a hardship (i.e., late payments, loss of income, inevitable bankruptcy, etc.) before agreeing to a settlement on current/active debt. And…keep in mind that if they accept the settlement, they WILL close your account. Settlements on collections/charge offs are much easier to negotiate.
Submit your questions or for more information on cleaning up inaccurate, incomplete or unverfiable information from your credit report, contact us today at 877-896-2831. Also, get your free consultation at www.visioncreditservices.com.
