Negotiating Repayment With Discover Do They Ever Budge

[Anonymous]

Due to serious medical issues, I got 1-3 payments behind on most of my ccs and unsecured debt.

I am negotiating now with creditors to work out repayment. Some accounts remained current, others, I have been able to cure. Most of the rest have agreed to new repayment schedules/payment amounts. (Ollo is happy with $13/month right now. Love them.)

Discover is one of my problem children. They will not budge from $300/mo which is just not possible right now. Balance is ~$13,000.

Has anyone ever been able to work with these people? They act as if they're offering the moon.

I am selling my condo outside the US, hopefully, I will net enough to be able to throw more cash into getting everything cleaned up.

But, Discover is a huge obstacle.

[Anonymous]

This is not a blanket statement, just my personal experience.

Discover was my worst creditor to negotiate with.  They refused to budge on anything.  They gave me 2 options that were written in stone and would not budge.  In my case I offered them $3000 more than my settlement amount and they refused it.  I had a LOT of derogs on my report and most every other Bank/CC was willing to listen, negotiate and work with me to get the best deal for both parties.

Oh and their Executive Office email, was hot garbage.  Emailed twice about a month apart and got the same copy/paste email back both times.  

[jmw1]

Discover would not budge at all.  No rate reductions.  No payment decrease. No relationship bonus for having the same card for multiple decades in good standing. I don't think they sell their debt. They wrote to me that they were going to sue me from the law firm they hired. I declared bankruptcy before they got to the courthouse. The only thing I give them credit for is that they weren't in the first group to sue me. That honor would belong to American Express.