u/throwaway209alpha

hello all. throwaway acct for reasons.

i encountered financial hardship issues after the deaths of my dad and uncle. i racked up CC debt.

i stopped paying discover in april of 2026. in june i got a letter from capital mgmt services to collect the debt. in the june letter, they offered 47% settlement. i did not have the lump sum on hand to take advantage of it, so it went by the wayside.

i've been reading this sub and seeing how discover is notorious for litigation and pursuit of the debt. i wanted to avoid things like lawsuits and judgments, etc.

so this morning i was proactive and called CMS to discuss a settlement.

my current balance on my discover acct is ~$13,200. they offered a lump sum 40% settlement, that would come out to ~$5,275, due on 8/28.

is this a good deal? i see posts saying discover will demand 60-70% plus. is this just over-the-moon good, or does waiting for longer open up opportunities to settle for less %?

thanks in advance, reddit peeps.

hello all. throwaway acct for reasons.

i encountered financial hardship issues after the deaths of my dad and uncle. i racked up CC debt.

i stopped paying discover in april of 2026. in june i got a letter from capital mgmt services to collect the debt. in the june letter, they offered 47% settlement. i did not have the lump sum on hand to take advantage of it, so it went by the wayside.

i've been reading this sub and seeing how discover is notorious for litigation and pursuit of the debt. i wanted to avoid things like lawsuits and judgments, etc.

so this morning i was proactive and called CMS to discuss a settlement.

my current balance on my discover acct is ~$13,200. they offered a lump sum 40% settlement, that would come out to ~$5,275, due on 8/28.

is this a good deal? i see posts saying discover will demand 60-70% plus. is this just over-the-moon good, or does waiting for longer open up opportunities to settle for less %?

thanks in advance, reddit peeps.