Can I settle even if I'm making my large payment amounts on time?

[bd420]

What is the name of your state?
Michigan

I assumed $47,000 in credit card debt 12 months ago as part of a divorce settlement. Despite the large monthly obligation of $700 per month, I've been able to make my payments on time, and thanks to some low interest rates, I've reduced the total amount owed to $40,000 in 1 years time.

Despite my repayment success, would a credit card company that I have substantial debt with be interested in settling for a lower payout? If so, is this typically for a 'lump sum' payment?

Trying to explore all my options on repaying this monstrous amount of debt.

Thanks,

bd

[Debt Guy]

No. As long as you are making payments, the credit card company has no interest in discussing anything except making sure you keep making payments.