Do the creditors usually give a n initial offer that can be settled for even lower?
Usually in any negotiations you do not lead with your best offer. The first debt settlement letters coming from the creditors are initial attempts with a debt settlement offer that is usually high and certainly one the credit card company would be happy to accept. A typical case would be a creditor offering a settlement of 75 or 80 cents on a dollar. In almost all cases debt settlement can be achieved for much less than the initial contact letters from the credit card companies.
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