Wondering if anyone knows anything about short settlement? Been on paymnet plan with MBNA for just over 2 years - 2 cards, did owe 22k, down to 12k paying at 360 per month. Mortgage company will no longer accept us paying reduced payments on mortgage while paying this amount in unsecured debt - which is understandable enough. Have offered to pay Avantcard a total of €90 per month instead, which is our total disposable income at the end of every month, and this is on REDUCED mortgage payments - to which they said no way, but said if I throw a figure at them they might be in a position to short settle and register default. Card A owes 5500, card B owes 6700. Any idea what figures to offer them? My family would willingly help here if this was the end of it - I dont mind going into Default, hope never to have a loan other then the Credit union ever again. I only paid 90 last month 45 + 55 and the letters have started coming in already.