Secrets of Settling Credit Card Debt

5 steps to settle your debt for less than you owe
by Martha C. White, Time/Moneyland, 1/23/12
“Maybe you’ve seen ads that promise to negotiate on your behalf with credit card companies and collection agencies to shrink your debts. It might sound too good to be true, but the truth is that it sometimes is possible to convince your creditors to settle for less than what you owe. And if it can be done, you can probably do it yourself. Here’s what you need to know about the process.” I will be using this information the next time I teach my Consumer Credit Problems class!
1. Try to settle before an account goes into collections
2. Build your case
3. Grow a thick skin
4. Start haggling
5. Before You Pay, Get the Agreement in Writing
Read the details at:
http://moneyland.time.com/2012/01/24/6-steps-to-settling-your-debts-for-less-than-you-owe/the-secrets-of-settling-credit-card-debt