Credit Tips: Bankruptcy Friendly Credit Cards

Posted On: March 1, 2006

Author: MedSchoolGirl
Posted: Fri Dec 24, 2004 5:02 pm
Post subject: Discover

I was wondering if Discover is considered BK unfriendly?

Author: NightStar
Posted: Fri Dec 24, 2004 6:29 pm
Post subject: Bankruptcy Friendly Credit Cards

http://webgroups.biz/creditcardperks/phpBB2/viewtopic.php?t=1896 “>webgroups.biz/creditcardperks/phpBB2/viewtopic.php?t=1896

Yes, they are on the list as bankruptcy unfriendly… this link takes you to a list I had received from lady from another site, she did a pretty good job putting this together… AOC site has a list like this as well, may be more up to date then this one.

Author: cyberlayde
Posted: Wed Jan 26, 2005 3:37 pm
Post subject: Discover Card

Hi,

I had 2 Discover Card accounts that I had stopped paying on. After 8 months of no payments, they sold the debt on one card to a collection agency and the other they gave to a law firm. Using a lawyer to negotiate for me, I wound up paying them $8,000 on $20,000 worth of debt. The collection agency had bought the debt from them and settled in a hurry for a fraction of what I owed. The law firm was another story, they took more money on a much lesser amount that I owed on my second account. I didn’t have to file bankruptcy and was able to get the debt listed as “Settled” on my credit report and a zeroed out balance. I would not attempt this without a lawyer though to work with you. They hounded me from October until May and I paid the 2 settlements in June. I hope this helps you out.