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I Have One Credit Card I Want to Settle. Who Should I Use to Do This? – Rene

“Dear Steve,

I am recently employed again after 19 months of unemployment after a corporate downsize. Somehow I managed to keep my house and not fall terribly behind in most of my payments… but I subsequently used up all of my savings, CDs, 401k and money market accounts. I also have a significant amount of credit card debt, but only ONE card. I am re-organizing my finances to get back on my feet again, and I would like to settle my cc debt.

How do I know which company to use to negotiate and settle my credit card debt? Is there a reputable and reliable company that is safer/safest to use?

Rene”

Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

Dear Rene,

If you only have one or two cards the least expensive route would be to do this yourself. I would suggest you contact Damon Day, a debt coach I recommend, and he can guide you through the process to easily tackle this.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.

Big Hug!

I Have One Credit Card I Want to Settle. Who Should I Use to Do This?   Rene
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If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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