How Do You Negotiate A Credit Card Settlement?
If the balance you owe on your credit card has become overwhelming and you fear that paying it in its entirety may prove impossible, settling the debt is a good option. Paying a debt settlement company to negotiate with your creditor on your behalf can be expensive, and sometimes even dangerous. Many debt settlement agencies are scams and take your money without properly negotiating your debts—if they negotiate at all. You can negotiate a credit card settlement on your own and put the money you save on debt settlement toward paying off the debt. Call the billing department at your credit card company and request to speak to someone about settling your debt. Explain any changes that have recently occurred in your financial situation that will make paying off the full balance difficult. If the representative does not offer solutions, call back and speak to someone else. Credit card companies employ hundreds of representatives and you are unlikely to be assigned to the same person twice
