My husband and I have some debt that has built up, about $8,000 Mostly credit cards, most of the amount is all interest. I’m wanting to get the debt paid off. I’ve heard you can work with the collection agencies to get the amount reduced significantly. I heard of someone who had a business credit card for $30,000 and ended up only having to pay $10,000. What steps should I take to negotiate a lower amount to pay? If they end up settling for less money than the actual amount will that show on my credit report? I don’t want to hire a debt consolidator if I can do negotiate myself. When I pay off a credit card can I negoiate that they put “amount fufilled” to reflect on my credit score? But I’ve been unemployed and haven’t paid anything on them in over a year. What steps should I take to get this cleared up? When speaking with the collection agency and settling what words should I say in the negotiation Any advice you have from your experience is appreciated.
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