What do you think.

[bigjoey38]

I Havent filed yet, but I was thinking about sending notices to my creditors to try and see if I can make reduce payments with a review every 6 months. I make enough money, but not for the total monthly payments combined. I would have top claim BK and have the courts take my money for 5 years when I can probably do it myself..All of my secure payments are up to date and never been late...


what do you think?

Joe
Sterling, Co

[nervousSC]

I honestly don't think they'll take you up on it. They usually don't want to "bargain" until it's about to be sent to collections, and then it's a percentage of the total debt paid in a lump sum. If you let them know you may file bankruptcy then they may rush to sell to collection and/or get a judgment against you.

That's my experience, for what it's worth....

[NowOrNever]

Check out this thread under General Bankruptcy Talk:

http://www.bkforum.com/t8165-would-a-credit-card-company-be-willing-to-do-this.html

I wasn't successful at my attempt.