Need settlement advise and experience for Capital One and Chase credit cards.

[metanoia08]

Hi I'm looking for some financial advise on my credit cards. I have about 8 credit cards, 3 of which have a balance on them:

Chase $15,700.00 (0% until January 2010)
Capital One Business $11,600.00 (12.46%)
Capital One Business $6,800.00 (0% until February 2010)
Total debt $34,100.00

I currently have $12,000 from my tax return that I'm prepared to put towards eliminating my debt.

I haven't missed any payments, but I want to negotiate settlements on all of them (without the help of a 3rd party company), with the intention of paying off all the debt (or as much as I can) with my $12,000.

I am not concerned with hurting my credit score as I will likely be loosing my home to a foreclosure in the next 6 months, so I figure my credit will be screwed either way.

But I'm scared if I stop paying my bills they will jack up my interest rate, and then what if they don't offer me a good settlement?

I'm thinking about trying to settle on my 12.46% Capital One card first, and seeing what happens. But if I do this, do you think they will raise my interest rate on my other Capital One card?

I'm looking for advise on how to do this, or other people's experience doing this with Chase or Capital One.

Thank you very much!