CCCS rather than Debt Settlement
I work in the credit industry and I feel that credit card debt settlement with credit card companies is not a good idea. Most companies will accept a settlement on your debt but will list the remaining amount as a charge off on your credit report. If you are going to do anything, it should be with a company like Consumer Credit Counseling Service who will work with you and your credit card companies to pay down your debt. They have ways to freeze your accounts and some will even stop charging interest. It also protects you from tons of calls from bill collectors as once you notify your creditor that you are working with CCCS, they, by law, have to stop calling you….unless you miss a payment.
