Anyone can settle debts with a credit card company, but that doesn’t mean it is the ideal form of debt relief for everyone. A good candidate for debt settlement would be someone who either currently has a lump sum of money with which to settle their debts or will be able to come up with approximately 50 cents on the dollar (that is, half of the total amount owed) within the next 18 to 24 months.
Who is eligible for a debt workout (or debt settlement) to get out of credit card debt?
Don’t let your debt hold you back any longer. Get back on the path to financial well-being by contacting an experienced bankruptcy attorney today to discuss debt settlement and credit card debt negotiation. We typically help our clients settle their debts for $0.50 to $0.60 on the dollar, and truly want our clients to become debt free.