Hey everyone this is attorney Brian Russ coming at you with another 60 second law bite. So this topic is on negotiating credit card debt. I work with a lot of clients on lawsuits where they’re being sued for credit card debt or other kind of consumer debt. So there’s a couple of tips and tricks I’ve picked up along the way that I want to share with you. The first one is, is that this this whole theory that you can negotiate credit card debt for pennies on the dollar, you have 20% or 10% Usually rare, usually only comes up when the debt is about to fall off your credit report. So in that period between seven and 10 years after the debt is due, you know, if somebody sued you, they’re not going to settle for pennies on the dollar. So do not go into a negotiation thinking that you’re gonna get it for 20% you’re likely not you’re looking at 60 to 70% most likely. Usually what you’re negotiating is the interest that’s accrued on the debt. You’re not negotiating the principal. So if you’ve borrowed $2,500, and there’s $2,500 in interest, usually you’re negotiating down that 2500 interest, not the principal. The final thing is that settlement amounts are likely higher once it reaches a lawsuit because there’s some costs and filing the suit serving you and so on like that. So the key is negotiate early and get it done.