superjtrdr
New member
What is the name of your state? Texas
I am a contractor that closing my business without filing a bankruptcy, Last year was rough and I want out. I have settled various debts without damaging my credit but there is one left for $9,000. What I want to know is what kind of leverage I might have negotiating for a more favorable settlement. I signed a credit app several years back and have had various contractors who are not directly part of my business pick up materials from this vendor over time for projects. These contractors never signed and I never agreed verbally to these invoices. The total over several years is roughly $54,000. I want to negotiate for a fraction of the $9,000. If I never signed or verbally agreed to any specific transaction does that give me leverage? What kind of documentation would this vendor need to damage my credit? I am going to shoot for a 50% settlement with these people.
I am a contractor that closing my business without filing a bankruptcy, Last year was rough and I want out. I have settled various debts without damaging my credit but there is one left for $9,000. What I want to know is what kind of leverage I might have negotiating for a more favorable settlement. I signed a credit app several years back and have had various contractors who are not directly part of my business pick up materials from this vendor over time for projects. These contractors never signed and I never agreed verbally to these invoices. The total over several years is roughly $54,000. I want to negotiate for a fraction of the $9,000. If I never signed or verbally agreed to any specific transaction does that give me leverage? What kind of documentation would this vendor need to damage my credit? I am going to shoot for a 50% settlement with these people.