Debt settlement

Debt settlement involves negotiating with the credit card companies to settle the total amount of debt that you owe. It is a fairly aggressive approach to credit card relief. Instead of taking up to 20 years or more to pay off the debt balance, through a debt settlement program, debt can be settled and negotiated in 12 to 36 months. Debt settlement is an excellent debt relief solution for consumers who are in serious credit card debt (usually greater than $10K) and are unable or only able to make the minimum monthly payment and/or have already fallen behind.