What is the name of your state (only U.S. law)? TX
My near-poverty level income brother consolidated his $6K debt incurred on two credit cards with a debt consolidation company. He still has 3 of the 4 years to pay to the consolidation company. The consolidation total cost ended up being nearly double what the debt was on the two cards. Is it possible that the consolidation company will take a lump sum settlement on this debt? If so, what percentage is reasonable?
My near-poverty level income brother consolidated his $6K debt incurred on two credit cards with a debt consolidation company. He still has 3 of the 4 years to pay to the consolidation company. The consolidation total cost ended up being nearly double what the debt was on the two cards. Is it possible that the consolidation company will take a lump sum settlement on this debt? If so, what percentage is reasonable?