Courtney A asked:


I have had a rough year filled with the birth of my daughter,several surgeries, my work closing abruptly, and my husband leaving me. In this last year, I have used my credit cards to pay for bills, food, gas, baby supplies, basically they were my crutch. As soon as I get them paid off I am cutting them up and never opening one again…..

…In the mean time, I need some help or advice from someone who has had maxed out credit cards before and settled with companies….

I have a maxed out target credit card with a limit of $6,000, and $500 and growing in fines. This is my second time maxing it out, I paid it off in full the first time.

I also have a Discover credit card with $3,000 limit, and $200 in fines.

I haven’t paid on either of these in over 4 months.

When I get my tax return and financial aid check from school, would either of these just accept half of what I owe them if I offered it to them in whole? Would Target just accept $3,000, and consider it good?

I’ve never done this type of thing before, but I have a friend who said that her mom has done it several times, and I’m just thinking it’s something to look into, and debt advice would help.

Thanks..
Target calls me every 3 days or so. They are trying to get me to work out sometype of payment plan, and there’s one that lowers the payments for 6 months, I could afford that, and by that time it will be tax season.

Discover doesn’t have my vurrent phone number, but I’m sure if I gave them small payments of some sort, they can’t turn me over to collections as I would be trying to make payments. Thanks for the advice!

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Courtney A asked:


I have had a rough year filled with the birth of my daughter,several surgeries, my work closing abruptly, and my husband leaving me. In this last year, I have used my credit cards to pay for bills, food, gas, baby supplies, basically they were my crutch. As soon as I get them paid off I am cutting them up and never opening one again…..

…In the mean time, I need some help or advice from someone who has had maxed out credit cards before and settled with companies….

I have a maxed out target credit card with a limit of $6,000, and $500 and growing in fines. This is my second time maxing it out, I paid it off in full the first time.

I also have a Discover credit card with $3,000 limit, and $200 in fines.

I haven’t paid on either of these in over 4 months.

When I get my tax return and financial aid check from school, would either of these just accept half of what I owe them if I offered it to them in whole? Would Target just accept $3,000, and consider it good?

I’ve never done this type of thing before, but I have a friend who said that her mom has done it several times, and I’m just thinking it’s something to look into, and debt advice would help.

Thanks..
Target calls me every 3 days or so. They are trying to get me to work out sometype of payment plan, and there’s one that lowers the payments for 6 months, I could afford that, and by that time it will be tax season.

Discover doesn’t have my vurrent phone number, but I’m sure if I gave them small payments of some sort, they can’t turn me over to collections as I would be trying to make payments. Thanks for the advice!

credit card debt settlement