$6000 Credit Card Balance Want to Settle

by Mike
(AZ)

Divorced July 2009

Total debts as of October 2010
$5,000.00 credit card Home Depot Stopped payments
$1,000.00 credit card Lowe's Stopped payments
$4,200.00 credit card Chase payments current
$14,000.00 promissory to Ex-Wife payments current

Did a Short Sale Primary residence September 2010
NOW HAVE VERY BAD CREDIT
1st Mortgage $865,000.00 Deed released
2nd Mortgage $233,000.00 Deed released
3rd Mortgage $100,000.00 Deed released

Want to pay off Home Depot and Lowe's .40 cents on the dollar then close account. I can show income to prove that I cant make the payments.
How can I do this?

Comments for $6000 Credit Card Balance Want to Settle

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Nov 01, 2010
 settling your credit card debt
by: Mary

It sounds like what you want to do is settle your debts. For some basic background information on how settlement works, I suggest that you listen to our debt settlement podcast in which I interviewed Michael Bovee, the president of Consumer Recovery Network (CRN), a fair and ethical settlement firm.

You can also pose this question to the CRN on their debt settlement Q&A page. Since CRN helps consumers settle debt every day, they should be a good resource to answer your debt settlement question.

Good luck. We hope you are able to find a way to put this behind you.

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