I have refinance my 1st and my

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I have refinance my 1st and my

I have refinance my 1st and my 2nd was charged off to a Collection Agency. The fact is that I make too much money to file Chapter 13. Collection Agency is willing to settle for 50%. Is this a good deal? I did check with county recorder 2nd mortgage does not have a lien on my property. The only one showing up is my 1st. Should I settle for 50%????

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Anonymous (not verified)
10-12-2010

1 Answers

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Hi Guest, I personally feel that settling your debts for 50% will be a good deal. However, you may negotiate with the collection agency to offer a further lower amount for debt settlement. However, it will remain the discretion of the collection agency whether or not they will further lower the amount. Thanks

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jameshogg | Asked on 2011-09-28

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