For example, my balance on one of my credit cards is $10,000. Does anyone know how much the average company will take?
Do you think the minimum that they would accept is 3/4? 1/2?
I heard it depends on the length of time since the last payment. Somewhere between 1/3 and 1/2 of the balance is normal if it’s less than 5 years old but older than 1 year. If it’s older than 5-7 years you should be able to settle for ~1/4.