Legally Eliminate Credit Card Debt - How A Credit Card Debt Settlement Process Works

Jan. 25, 2010 - PRLog -- Anyone using a credit card will identify with the matter we are about to delve into. No matter how much one tries to keep a check on the way they use their plastic friend, when the statements come in, settlement of credit card debt could be quite a nightmare! Are you left wondering if you will ever be able to settle these debts in this lifetime?
There are agencies that have methods to settle credit card debt for a much lower amount than you may actually owe the creditor.

Now you're wondering how this card debt settlement program works, right? Let's see if I can make this simple. Assume you have four cards and a debt of approximately $75,000. You find it rather difficult to keep up with the minimum payments due each month. Contact a settlement company for debt on credit card seeking advice, and help clear your dues. This company could guide you through an easy debt settlement route, while reducing your payout by almost 50%.

Observe the four easy steps here.

Firstly, you need to stop paying the creditors each month, and deposit a certain amount every month to a savings account, created by the debt settlement company for you.

When you are late with payment of dues every month, representatives plague you with collection calls. You need not worry about them any longer. These calls will be managed effectively by the company for settlement of debt.

Right after, the calls to the company for settlement of debt representative become more frequent, and now negotiations begin. By this time, you will have saved a handsome sum in the savings account with the settlement company. The representative will now negotiate with the creditor based on the sum saved up by you, to settle your debt for less than the original amount.

After the representative negotiates with the creditors and make them understand that you don't have the capacity to pay the entire outstanding amounts, your debt is settled at around 50% of the original amount!

After one card debt settlement, you could even use the extra money being saved to pay off other bills. Over a longer period, maybe two years, you could even settle all the credit card debts, and get rid of the monthly tension of paying accruing interest.

Eliminating credit card debt has never been so easy for consumers with balances over $10,000. A professional debt settlement company will be able to eliminate credit card debt by 60% on average. They also provide free debt counseling. Try the following link to locate legitimate debt settlement companies in your state and see how they consistently eliminate consumer credit card debt.

http://www.creditcardsettlementadvice.com

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CreditCardSettlementAdvice.com works to connect consumers that suffer from credit card debt with the correct debt consultant in the industry reducing debt up to 60%

For Free Debt Help and Advice Go To:

http://www.creditcardsettlementadvice.com