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WW,

Some card issuers do not want to settle until the account is delinquent for at least 126 days. Some are willing to settle before that date. You should write them if you are willing to settle even if the 126 days have not passed. This may help you avoid having your account sent to an outside collection agency.

-- Contributed by: SusanWeber

When should the debt settlement letter be written to the collection agencies? When I first receive the collection letter? The reason for asking is that they seem to reluctant to settle if the account is not delinquent for at least 126+ days.

-- Contributed by: ww

Ameer,

You can find information on credit card debt here at LoveToKnow Credit Cards. For example the article on Credit Card Debt Help may have some ideas for you on how to get out of debt.

Thank you for your question.

-- Contributed by: SusanWeber

i am citi bank credit card holder. i have more outstanding but now i have no money how settle this carb .i am fix patient also these six mont i was an hospital so i couldnt pay please help me

-- Contributed by: ameer
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