Markowitz Law Firm, LLC
Toll Free866-437-1189

Call To Schedule A Consultation

Is it possible to negotiate credit card debt?

Are you buried in credit card debt? If so, it won't be long before you consider all your options for finding relief.

In a perfect world, you'd be able to pay down the debt without delay. Unfortunately, this isn't the way things work for many people. Instead, their troubles continue to mount with each passing month.

Although it can be a challenge, it is possible to negotiate credit card debt. If you take the right steps, you may find yourself in a better position sooner rather than later.

First things first, make sure you know what options are available to you. For example, you could ask your credit card company for a lump sum settlement. If this doesn't work for you, it's possible that you could use a workout arrangement to lower your minimum payment or interest rate.

From there, review your debt for a better idea of what you can afford in the future. With this, you'll have a better idea of where things stand as you negotiate.

Finally, call your credit card company to start the conversation. You aren't likely to receive the answer you want on the first phone call, so be persistent. Along with this, make sure you're speaking with the person who has the power to take action.

Although it's possible to negotiate credit card debt, this is never a simple process. If you find yourself buried in credit card debt, consider all your options. This way, you can make the decisions that work best for you and your finances at the present time.

Source:, "Credit card debt negotiation in 3 (not) easy steps," accessed Dec. 19, 2016

No Comments

Leave a comment
Comment Information

3131 Princeton Pike
Building 2B
Suite 105
Lawrenceville, NJ 08648

Toll Free: 866-437-1189
Phone: 609-482-3138
Fax: 609-896-3184
Map & Directions

Send Us An Email.Get Started Today.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy