Here's how each works: Lump-sum settlement. If you have access to a chunk of money, such as from an inheritance, you can try to negotiate a settlement for less than the full amount owed. Workout arrangement. Forbearance program. Debt management program. Debt settlement program.
If you've found yourself reading this, the odds are good you want to know how to negotiate a credit card debt settlement. Realize that you are not alone in this .
It's often possible to negotiate terms, interest rates, and payments on credit card debt. You can also try to negotiate a settlement of the amount you owe.
Find out how to negotiate credit card debt relief for yourself, or have a professional do it for you in one of several ways. Find out what these options look like.
You can settle credit card debt in collections for much less than what you owe, but it will involve some negotiating and standing your ground.