If you are someone who, in the wake of the recent recession, is behind on credit card payments and lacking cash flow or just facing a financial hardship in general, you may be able to negotiate your credit card debt.
Negotiating, or settling, your debt means paying it off for much less than what you owe to your creditor. Just how much you pay is agreed upon by both you and your creditor, and typically there are professionals (often lawyers) who step in to help you come to this negotiated amount.
While debt settlement is often a last resort because of the damage it can do to your credit score, it could be worth it for anyone struggling with an unmanageable credit card balance that could otherwise go unpaid.
Below, CNBC Select spoke wit…
Read the full article at: https://www.cnbc.com/select/how-to-negotiate-credit-card-debt/
