subject: Remove Credit Card Debt Legally – How To Legally Settle Credit Card Debt For Less [print this page] The question of whether one can remove credit card debt legally, has been asked by many but few people have found satisfactory answers to this very important question. In this article, I'll answer this question and point you to a 2 step process for getting rid of credit card debt.
Step 1: Understand Your Options
The first step in sorting out your debts is really understanding your options. Not all options are created equal and you'll invariably find a mix of advantages and disadvantages. You most certainly want to choose an option that has more advantages than disadvantages, and for this reason we can exclude options like Bankruptcy and debt consolidation right off the bat.
Eliminating those two options leaves us with the most reliable and advantageous option which is called debt settlement. This option operates by negotiating with your lender (credit card company) for a reduction on the overall amount owed. This proportion is usually a percentage (up to 70%) of the total debt.
Step 2: Seek Out a Professional Debt Settlement Company
This step is crucial. If you try to conduct negotiations on your own with the lender, the likely outcome is that it will fail. This is because lenders don't like to deal directly with their customers when it comes to things like settlement. A more professional presentation of your circumstances is preferred and you are likely to get a bigger percentage reduction when you use a company.
The best place to locate a debt settlement company is on the internet. Most offer a free initial consultation to work out the best way to move forward based on your circumstances. Getting started is also easy and at most you'll need to supply your name and some other minor personal details to get started.
What To Do Next
Those 2 steps can literally remove credit card debt legally. It all depends on how quickly you take action. Remember the greater the debt, the more likely the chance of you defaulting and the lender passing the debt onto a collecting agency. So the sooner you get started with the debt settlement process the better. I highly recommend that you first start off with afree debt evaluation in order determine the best course of action based on your financial situation.
Remove Credit Card Debt Legally How To Legally Settle Credit Card Debt For Less
