How do debt settlement programs work and how can they help deal with credit card debt??
Credit card debt can be a huge burden and affect a person’s financial stability. In many cases, people can no longer make monthly installment payments and fall into a debt trap. One way to reduce this debt is to use a debt settlement program.
Debt settlement programs offer debtors the opportunity to reduce the amount of their debt by negotiating with creditors. Debtor*s work with a mediator who negotiates with the debtor’s creditors to reach an agreement on debt reduction.