What is Credit Card Debt Settlement?
Credit card debt settlement is a form of debt reduction plan through negotiation. This explains why it is also known as credit card debt negotiation. The goal of debt negotiation is to drastically reduce the overall amount owed to the credit card company and then eliminate debt as swiftly as possible. Essentially, you get in touch with the credit card company to settle your accounts for a lower amount than the total outstanding balance. Depending upon agreement, you then repay the newly negotiated amount all in one payment or through monthly payment.
