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When it comes to the balances you owe on your credit cards, there is an opportunity to negotiate what you actually owe. With a little bit of knowledge and guts, you might be able to cut your balances by 50-70%.
Debt settlement is the process of offering a large, one-time payment toward an existing balance in return for the forgiveness of the remaining debt.
While getting a company to settle your balance may sound too good to be true, it’s not.
By negotiating your debt, you might be able to cut your balances by as much as 30-70%.
Keep in mind that there is no guarantee a company will be able to reach a debt settlement agreement for all of your debts.
Settling a debt through a debt settlement company could:
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