Ask The Get Out of Debt Experts Debt Settlement

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?


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.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

READ  Can I Negotiate With My Own Creditors to Settle My Debt? - Lesley

About the author

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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