Jayfrayway
Junior Member
What is the name of your state (only U.S. law)? Missouri
I owe about $11,000 to two different credit cards. I cannot afford to make any payments to them right now. I haven't made any payments for about 6 months. I am on disability and have enough expenses with medical that it takes my whole check. I live with my parents now so there isn't much expense there. However i am in the midst of a divorce and I am going to receive a good cash lump sum out of the divorce ($40,000). I would like to take that money and be able to get an apartment and live on my own. I would negotiate with the credit cards to try to pay them off for less than I owe. But what i am wanting to know is how can the creditors find out how much money I have. Like if I say I will give them half of what I owe them, will they see that I have $40K and then turn down my offer?
I owe about $11,000 to two different credit cards. I cannot afford to make any payments to them right now. I haven't made any payments for about 6 months. I am on disability and have enough expenses with medical that it takes my whole check. I live with my parents now so there isn't much expense there. However i am in the midst of a divorce and I am going to receive a good cash lump sum out of the divorce ($40,000). I would like to take that money and be able to get an apartment and live on my own. I would negotiate with the credit cards to try to pay them off for less than I owe. But what i am wanting to know is how can the creditors find out how much money I have. Like if I say I will give them half of what I owe them, will they see that I have $40K and then turn down my offer?