Debt settlement is when a cardholder agrees to pay a portion of a balance in exchange for the remainder of the debt being forgiven. The benefit for card companies is that they salvage at least part of a debt that otherwise could go uncollected.
Debt settlement is when a cardholder agrees to pay a portion of a balance in exchange for the remainder of the debt being forgiven. The benefit for card companies is that they salvage at least part of a debt that otherwise could go uncollected.
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