I have credit card debt with Discover. I tried to negotiate with them. Debt is $5k due to interest rate and late payment. I would like to settle, but I cannot afford to pay a lump sum of $3600. This is a huge learning lesson. I was told I cannot file for bankruptcy. I asked the cc company to work with me and set me up with a “financial hardship,” they refused. What can I do, I would like to pay them off. This is the only cc concern I have.
What steps should I take next. I really don’t want to work with a counseling company that will charge outrageous fees – for example if I give the company $300, $150 will go to Discover and the counseling company will keep half.
The AnswerIf you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. I Was Able to Negotiate a Debt Settlement With Discover I Can't Afford. - Frances by Steve Rhode