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Why is it important to negotiate a credit card debt settlement?

April 26, 2017credit card Debt Settlement negotiate

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Why is it important to negotiate a credit card debt settlement?

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The desire to reduce debt and avoid filing bankruptcy can be the determining factors in successful negotiation attempts. The possibility of an individual being debt free or lowering payments to a manageable level must outweigh the risk of refusal by the credit card company. Confidence in negotiation outcomes can restore credit ratings and save the debtor from the struggle through a bankruptcy court.