Credit card debt settlement can be a very smart choice for getting out of debt. If you are in a position where you can’t afford to keep up with your credit card payments, debt settlement is probably your best answer.

Debt Settlement

If you are unfamiliar with credit card debt settlement before, it is important that you get the facts and understand the different elements of this program. It is best to get all your questions answered with the help of one of our certified Credit Counselors. We can pull your credit and evaluate your specific debt situation and explain how we can help. Our trained counselors can make debt settlement an easy experience.

Understanding Debt Settlement: Pros and Cons

What is credit card debt settlement? This form of debt relief is one option to bankruptcy or falling deeper and deeper into debt from all the late fees. It involves using an experienced professional to negotiate directly with your creditors in an effort to help you get credit card debt-free from credit card debt as quickly as possible. Using a knowledgeable debt settlement specialist can give you the following advantages:

  • For those who complete the program, they settle their credit card debt amount by 40%-60%, allowing you to get out of credit card debt more quickly
  • Inform and educate you about the Fair Debt Collection Practices Act
  • Educate you on Credit Card Debt and how long it takes to pay off using the minimum payment feature

While credit card debt settlement is attractive to those looking for an alternative to bankruptcy, it is not without its downsides

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