Understanding Credit Card Settlement: A Guide to Debt Relief (Communities - Activities)

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Understanding Credit Card Settlement: A Guide to Debt Relief


A settlement with credit card is an agreement between a cardholder and the credit card issuer to pay off a debt for less than the total amount owed. This option is usually considered when a borrower is struggling with high outstanding balances and is unable to make full payments. Credit card companies may offer a lump-sum settlement or a structured payment plan to recover a portion of the debt.

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Last Update : 19 March 2025 12:18 PM
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2025-04-29 (0.387 sec)