Credit card debt affects more people than you know.
Just about everyone you talk to has at least 2 credit cards tucked away on their wallet.
With the way the economy is today it is no wonder that people are finding it harder and harder to pay these credit card bills.
Credit card bills are usually the last to get paid and they are the ones that go up the fastest.
With finance fees, late fees and over the limit fees, your bill can easily go up by $100 per month if you are far enough behind.
Most people feel that there is no way out of this and therefore they ignore the bills.
This can be very harmful to their credit and will haunt them for a lifetime.
Many people do not realize that they can most likely cut the credit card debt in half if they seek a credit card debt settlement.
The trick is to know how to approach the credit card company to ask for this settlement.
You need to try to have some cash to work with.
This will be helpful for when you call the credit card company and ask for a settlement.
What you need to do is call and talk to a financial or collections person at the credit card company.
Be very polite and tell them that you have x amount to offer them for a settlement.
Most of the times they are able to offer you a certain discount.
Keep in mind that they have the ability to negotiate the amount of the settlement.
They will start off by offering you the smallest break on the bill.
Generally they can offer you at least 50% if not 70%.
Most cards can offer a total of a 70% discount on the total of the bill if you are paying it off right away.
When you call you want to know what your total bill is and start off by offering them 70%.
You can always negotiate up if they will not go for that low of an amount.
Just be prepared to pay what you and the credit card company agrees on.
This will save you a great deal on the debt so you will not have to pay the entire bill.
This will take the bad mark off of your credit or at least show that the debt was paid in full by you.
It will show that it was a settlement but the key thing is that you paid it off in full regardless of the amount.
If you find that you have credit card debts that are burying you, then you may want to consider calling them and seeing of you can do a credit card debt settlement.
Just about everyone you talk to has at least 2 credit cards tucked away on their wallet.
With the way the economy is today it is no wonder that people are finding it harder and harder to pay these credit card bills.
Credit card bills are usually the last to get paid and they are the ones that go up the fastest.
With finance fees, late fees and over the limit fees, your bill can easily go up by $100 per month if you are far enough behind.
Most people feel that there is no way out of this and therefore they ignore the bills.
This can be very harmful to their credit and will haunt them for a lifetime.
Many people do not realize that they can most likely cut the credit card debt in half if they seek a credit card debt settlement.
The trick is to know how to approach the credit card company to ask for this settlement.
You need to try to have some cash to work with.
This will be helpful for when you call the credit card company and ask for a settlement.
What you need to do is call and talk to a financial or collections person at the credit card company.
Be very polite and tell them that you have x amount to offer them for a settlement.
Most of the times they are able to offer you a certain discount.
Keep in mind that they have the ability to negotiate the amount of the settlement.
They will start off by offering you the smallest break on the bill.
Generally they can offer you at least 50% if not 70%.
Most cards can offer a total of a 70% discount on the total of the bill if you are paying it off right away.
When you call you want to know what your total bill is and start off by offering them 70%.
You can always negotiate up if they will not go for that low of an amount.
Just be prepared to pay what you and the credit card company agrees on.
This will save you a great deal on the debt so you will not have to pay the entire bill.
This will take the bad mark off of your credit or at least show that the debt was paid in full by you.
It will show that it was a settlement but the key thing is that you paid it off in full regardless of the amount.
If you find that you have credit card debts that are burying you, then you may want to consider calling them and seeing of you can do a credit card debt settlement.
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