What to know about credit card debt settlement

Americans are racking up credit card debt, but there are a few things you should know before you seek out a debt relief company.

9 credit card debt settlement mistakes to avoid

Settling your credit card debts can provide much-needed relief, but you should watch for these potential pitfalls.

How to reduce your credit card debt without debt settlement

Debt settlement isn't the only option you have to reduce your credit card debt. These other options can, too.

Debt settlement vs credit counseling: Which is better?

If you are thousands of dollars in debt on your credit cards, and are struggling to climb out, debt settlement firms and credit counselors promise to help. Which is your best choice?

Is it better to settle your credit card debt or pay in full?

If you're behind on credit card payments, debt settlement could make sense, but so could paying off what you owe.

Debt settlement: Pros and cons

Before using a debt settlement service to help you settle an amount of debt, understand what you’re getting into and how debt settlement could affect your credit.

Debt Settlement: A Guide for Negotiation

If a credit card company only verbally agrees to a debt settlement, it can still legally turn over the remaining balance to a collection agency, which can have a larger impact on your...

How To Negotiate Debt With Credit Card Companies

Key takeaways ; If you find yourself in too much debt to keep up with, you might be able to negotiate with your credit card issuer to settle some of your debt. ; Debt settlement works by negotiating with an issuer until they agree to let you pay off part of your debt in exchange for forgiving — or settling — the rest of it. ; The process might include paying a portion of your debt upfront or going on a structured payment plan for a set period of time — and it’s not without consequences. ; Debt settlement isn’t the best option for everyone, so make sure you consider alternatives like using a balance transfer card or creating a debt management plan with a credit counselor before you call your issuer.

How Will Debt Settlement Affect My Credit Score?

While debt settlement can be the best option to eliminate outstanding obligations, it can negatively impact your credit score. Learn how debt settlement works.

Does Settling Credit Card Debt Affect Credit?

Settling credit card debt can be a good way to get out of debt, but it can also have a negative impact on your credit score. Learn how to minimize the impact on your credit.