Is Credit Card Debt Forgiveness Possible? - Make Money Online

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Is Credit Card Debt Forgiveness Possible?

The thought of debt is overwhelming - and the thought of credit card debt forgiveness is even more-so. Whether a series of life events have led up to this point, or perhaps you made a few poor decisions in your past (we’ve all been there), it is a mountain that can seem challenging to overcome. Yet, we are here to tell you that it doesn't have to be. With a plan and persistence, you can turn your credit card debt from red to black.

The answer is yes - credit card debt forgiveness is possible.

But how?

Debt settlement is the answer. While you might try a DIY plan to make additional payments on months when you can do so, or perhaps pay off your credit cards slowly one-by-one, this can take months - or even years. With debt settlement, you can speed up this process and get back to truly living.

Here’s how debt settlement works...


When you have large credit card debt, the mountain of monthly payments can seem so ominous - because it is. That’s exactly where debt settlement comes in. Debt settlement for credit cards is when you aim to reduce what you owe without paying the entire debt owing. For example, you - or the debt settlement company that you work with - would negotiate with the credit card company to pay an agreed-upon settlement total, which would be significantly less than your total amount owing. Debt settlement is only applicable to unsecured debt, such as credit cards, and cannot be negotiated for other debts owing, such as vehicles or homes.

Yet, you need to be very careful with who you work with - which companies you partner with to go into negotiation with you. You must partner with a company who truly understands the intricacies of credit card debt settlement. Here’s how…

How to find a credit card debt settlement company that can work for you...


1. Read reviews online about your company in question.

It’s more important than ever to read and consider online reviews before partnering with a business or purchasing a product. 88% of consumers say that they trust online reviews just as much as personal recommendations, even those from friends and family. This means that reviews on the Better Business Bureau, ShopperApproved and more mean a great deal. Reviews give you insight into what actual customers and consumers think about various companies and gives you and unedited, unfiltered look into their potential performance for your financial future.

2. Make sure you feel comfortable with the company you’re working with - you should feel the trust and partnership building.

Your selected company will be going to bat with your personal finances - and really, your life - in their hands. So, make sure you feel comfortable with your prospective companies to feel and build the trust with the company and debt counselor you will be working with.

3. Ensure your prospective company has been in business for a lengthy period of time.

If you are meeting with prospective companies, ask them one question (or better yet - check their websites before the initial meeting) - make sure they’ve been in business for a lengthy period of time; ten years or longer is ideal. These businesses have been through the ups and downs of economic success and hardship, so they will have a greater understanding of your personal financial situation.

When you’ve found a company to partner with, it’s time to understand how they work.


It’s one thing to understand how debt settlement works, but it’s another thing to understand how your selected company handles such an endeavor.

Your selected company and partner should begin by working with the FDCPA and TCPA violation process. This means that, using the laws around debt collection, your selected team should do everything to identify violations on behalf of your credit card company.

If a company is telling you that they can 100% guarantee stellar results, they’re wrong - and this should be one big red flag. No company can promise that you’ll get your debts dismissed, though they can promise to do everything in their power to walk through each and every step in the process to make it happen. Some companies, of course, are better than others in getting your debts paid, which circles back to building trust and feeling comfortable in partnering with your selected company.

If you’re drowning in debt, which many Americans are, we’re certain you’ve searched for credit card debt settlement options in the past. You’re not alone. Total debt owed by consumers in the United States is 784 Billion, a tremendous amount. There are so many reasons as to why we are in greater debt than ever before…


You’re not alone.

The rise in the overall cost of living in the United States has tremendously outpaced income growth, especially in the past 13 years. In fact, the median household income has grown by 28% since the year 2003, yet expenses have significantly outpaced this.

In addition, medical expenses have significantly increased in the United States, making the use of credit cards so much more relevant. Since 2003, medical expenses have increased by 57%. Whoa.

All of this is to say that you should not feel alone in this process. You shouldn’t feel alone when going through the process of credit card review, debt settlement and financial planning for you and your family. Debt settlement companies are here as a resource as you need it, and by your side when you need them the most. Yet, remember that they are not all created equal - be sure to do your due diligence in reading reviews, meeting with potential partners and understanding the process that they will take you through if you decide that credit card debt forgiveness is for you. With a plan and persistence, both on your part and the part of your selected company, you can surely go from red to black and get your life back on track - preparing you for an even greater future than you could have imagined.
Is Credit Card Debt Forgiveness Possible? Is Credit Card Debt Forgiveness Possible? Reviewed by Parvesh Bravo on 4:09 AM Rating: 5

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