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A relative would like some advice on how to negotiate a settlement figure to a DCA regarding a card debt on a repayment plan, what would the best way to go about this? I believe they are getting help from family, so the debt is settled on their credit file and they just have to pay family back.
Should they initially ask for a list of what has currently been paid from what they initially owed (basically an up to date state of account), I believe they can borrow approximately 50% of the approximate remaining balance, should they offer the DCA 'that' amount, or come in at a lower offer, or just ask what the DCA will accept?
Should they initially ask for a list of what has currently been paid from what they initially owed (basically an up to date state of account), I believe they can borrow approximately 50% of the approximate remaining balance, should they offer the DCA 'that' amount, or come in at a lower offer, or just ask what the DCA will accept?
