Let’s talk about how to deal with credit card companies for debt relief when you can’t pay the entire outstanding amount. Debt relief by credit card companies refers to the various options that credit card companies may offer to help customers who are struggling to pay off their debt. These options can include:
Debt settlement: This involves negotiating with the credit card company to reduce the total amount of debt that you owe. You may be able to settle your debt for less than the full amount, but it will likely hurt your credit score.
Debt consolidation: This involves combining multiple credit card debts into one loan with a lower interest rate. This can make it easier to manage your debt and lower your monthly payments.