💨 Abstract

The article discusses debt settlement, focusing on DIY methods to negotiate credit card debt. Debt settlement involves offering a lump sum or series of payments to creditors to settle balances for less than the full amount owed. Professional debt settlement can be expensive, so the article outlines six steps for individuals to negotiate debt settlement on their own: 1. Review finances and define hardship. List debts from smallest to largest. Research creditors. Build a settlement fund.

Courtesy: wtop.com