Finance forum for small business! Discussion on Funding your business, banking, loans, budgeting, tax, payroll, and exchange rates.

 

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Paying Off Your Credit Card Debt Without Money

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    Question: Paying Off Your Credit Card Debt Without Money

    How can I pay off credit cards, when I'm thousand dollars in debt? At some point if feels like a horrible comedy, doesn't it?
    Guess what?
    You need professional help. Believe it or not! You'll partly get help from the credit companies themselves. They work with credit counseling, and debt settlement agencies to help you get out of debt.

    They freeze late fees, and penalties, and can roll everything into one monthly payment.
    The credit card companies are motivated to help you for one simple reason, they realize that you might be so far in debt, they won't get any of their money back. So they cut off their profit margins to get you back on your feet.

    That way they can recover some of their money. However, they only do by working with agencies they trust, and in a very structured program. these programs have been around for decades, and have helped millions, and millions of Americans. you heard me right.
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