The term "settlement" in relation to credit cards generally refers to the process of paying off an outstanding balance on a credit card account. When you use a credit card to make purchases or cash advances, you are essentially borrowing money from the card issuer. If you do not pay off the balance in full by the due date, interest charges will accrue on the remaining balance.To settle a credit card balance, you would need to pay off the entire outstanding amount owed on the card. This can be done in one lump sum or through multiple payments over time. If you are struggling to pay off a large balance, you may be able to negotiate a settlement agreement with the card issuer or work with a credit counseling agency to create a repayment plan. It's important to note that settling a credit card account may have a negative impact on your credit score. When you settle an account, it typically means that you have not paid the full amount owed, which can be seen as a sign of financial distress to lenders. Additionally, settling an account may show up on your credit report as a negative item, which can remain on your report for several years and make it more difficult to obtain credit in the future.
*There is no end of paying minimum amount due to the bank for credit card outstanding.
*Your total outstanding will never reduce even if you pay minimum amount due(mad) till the end of your life.
*The term minimum amount due(m.a.d) itself will make you mad only.
*So the only option to come out of this trap is to either pay the total credit card outstanding in full or do the settlement of credit card.
*Now settlement of credit card is not so easy, the bank will never book it's losses.
*They will not bend down so easily either.
*There is a 4-6months process involved in settlement of credit cards.
*If you are looking for settlement of credit cards, we will act as a mediator between the customer and bank to settle your credit cards outstanding.
*The waiver can range from 40% to 75% depending upon the case .
*Once we take your credit card settlement case, till the settlement letter is not issued by the bank, we will help and guide you accordingly in the whole credit card settlement process.
*We will become your shadow and help you come out of this trap very smoothly.
*We will manage the banks tele-calling, field executives,3rd party agencies, bank executives, police stations and legal.
