What Percentage Should I Offer to Settle Debt with Creditors or Debt Collectors?

Free Debt Resolution Comparison Calculator: tryascend.com/qualify/calcula...
Understanding what percentage to offer depends on a variety of factors, including but not limited to how past due the debt is, what type of creditor it is, and whether there's an outstanding lawsuit.
Here's what we are going to cover in this percentage to settle debt video.
Chapters:
0:00 Intro
1:30 Process of Settling Debt
1:45 What Percentage Should You Offer?
4:48 How Old is the Debt?
6:50 Conclusion
#debt #debtcollection #debtrelief
Music: www.bensound.com

[@AscendFinance]

Thanks for watching! As I mentioned, you can take the Debt Relief Calculator here: tryascend.com/qualify/calculator/ytpo
If you have any questions, feel free to give us a call at 833-272-3631!

[@Jasmine-tq5wl]

This video is awesome! Thanks so much, your giving real advice to problems real people have. A lot of financial channels feel too similar and unhelpful to someone who doesn’t randomly have 30k lying around to start investing with lmao

[@AscendFinance]

You are so kind, Jasmine. Thanks for that comment as these comments make these videos worth it for me. Also, as I'd like to be more accessible to my RUclips viewers, I am now having free quick chats. So, if helpful, would you book something on my calendar: calendly.com/ben-tejes-ascend/free-chat? Thanks - Ben

[@JoesWife1000]

Nice job. Our problem is that the debt was given to an attorney, so any offer we make just adds to the debt. We are trying to help a cousin who is elderly and ill. We made an offer last July and thought it was settled, but they added another $2,000 in attorney's fees since then, so she owes more than she did then. After 9 months the attorney came back to us and said that the (condo board) creditor had rejected the settlement....more fees. We are now trying to put together an offer but I'm so anxious about it because if it's rejected our cousin is in an even deeper hole.

[@AscendFinance]

Oh no, I am so sorry about that. Is your cousin judgment proof though, meaning that even if they did get a judgment then they wouldn't be able to collect? Do they have any assets or anything? I'm wondering if you could use that as leverage in the negotiation. Looking forward to hearing from you soon. Thanks - Ben - Oh and if it's easier, feel free to give me a call at 833-272-3631.

[@danielmonilai8971]

What if they don’t resolve your debt after you pay them ?

[@AscendFinance]

Thanks, would you mind providing more context here? How do you know not resolve?

[@elyssadjordjevich3545]

I currently have debt from unpaid tuition (5year sold) but they now have said they will deplete my bank account feb 1st. can I still settle? it's $21K, I don't have that money, nor is a payment plan really feasible. I was hoping to settle for $7,000. Is this possible

[@AscendFinance]

Thanks for reaching out! Great question, I'd love to understand your situation a bit more. Would you mind calling us at 833-272-3631?

[@67Bchapman]

If I call is your info free ? I do have some questions about how me and my wife should go about settling debt with capitol one via lump sum .

[@AscendFinance]

Yes all our calls/info is free! Our number is 833-272-3631.

[@gtutaj]

If I’m on SSDI & all my accounts are in my name only but I’m married, can the lenders still sue me or summon me by considering my wife’s income as well?

[@AscendFinance]

That's a great question. I am not 100% sure of that. If helpful, give me a call and I can do more research.

[@dvanlinton]

5k what should i settle for

[@AscendFinance]

Who's the creditor? How far behind? It may be helpful to give me a call at 833-272-3631. Thanks and happy new year!