Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Question about a letter to debt collectors. Advice? - As some of you may know, I'm helping my friend settle two of her credit cards. Together, we sent the credit card companies letters requesting a settlement amount. Both refused and are asking for more money. My question is... Would it be beneficial to say in the letter that she and her husband are unemployed and now they are closer foreclosing on their house (they've missed a few payments)? We were thinking that maybe a little explanation may push the credit card companies to a settlement. Should she mention bankruptcy in the letter?

Any advice is very appreciated. I'm at a loss. Thanks! -