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Credit Card Debt Settlement: What It Is, How It Works & Ways to Do It
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Credit Card Debt Settlement: What It Is, How It Works & Ways to Do It
Credit card debt settlement is when you submit a lump-sum payment for the majority of what you owe in return for the company that owns the debt forgiving part of the outstanding balance as well as certain fees and finance charges. A debt settlement agreement is one way to escape serious credit card debt. A settlement is neither the only viable credit card debt solution, nor without its own perils, however. A lot of shady companies operate in the…
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