Going to negotiate settlement
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Posted by Springer
(12.215.122.57) on March 01, 2004 at 07:58:25:
The question I have is: Does anybody know how much of a benefit the CC company realizes from taxes when they write off the bad debt. It would be helpful to know for every $1000 they write off how much money gets returned to them from taxes. If they get $250 back, that means you could start at 25% of the debt when negotiating a settlement. Anybody have any idea what this amount is as I am getting ready to start negotiating with the OC. p.s. I LOVE this board....thanks all
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