MBNA/FIA offer of 20% settlement on $75k CC debt — take it? [tradelines] [fia]
I have $ 75k of CC debt with MBNA / FIA, that the approach is chargeoff. They offer the debt of 20% ($ 15k) to be paid payable over 6 months. I could afford to go 12 months or 10% over 6 months.
Do you think they use one of these options?
Will I be likely to succeed, remove them to trade lines as part of the settlement?
The alternative is to let it go to chargeoff and then see what happens. There is a possible BK on the horizon if we do not get homeowner mortgage assistance from