How Much to Offer to Settle a Debt Collection Lawsuit: Percentages, Factors, and Starting Points
The settlement percentage you should offer depends entirely on who is suing you. Original creditors typically settle for 40 to 80 percent, while third-party debt buyers frequently accept 10 to 30 percent. Debt buyers can accept extremely low offers because they purchased your account in a bulk portfolio for pennies on the dollar. A 20 … Read more