Debt Settlement can be an extremely effective Debt Relief tool for any person that has Credit Card debt and does not have the ability to pay back the balance in full. Creditors will often time offer settlements to delinquent account holders in an attempt to recover some of the balance due rather than take a potential full loss if the account holder decides to file for Bankruptcy. While the premise of Debt Settlement is pretty straight forward, negotiating a Debt Settlement and executing it can be a bit more challenging. Here are some useful tips when looking to settle your debt.

  • Not all Credit Card companies offer the same settlement terms. Each Creditor and Collector will have different guidelines in regards to settlement and it will vary.
  • Settlement Percentages offered by Creditors and Collectors are calculated based on your card spending history. IE, cash advances, how much of the charges you paid back, how recent the charges were, etc.
  • Collection Agencies have federal and state regulations they must adhere to when collecting on debt. The FDCPA (Fair Debt Collections Practices Act) outlines how you as a consumer are protected and what creditors can and cannot do.
  • Any terms negotiated should be documented in writing and funds should not be paid to any creditor or collection agency without such documentation in hand. This ensures you have proof that your settlement is legitimate should it ever be challenged in the future.

Hopefully the tips above were helpful to anyone looking for information on Debt Settlement. Brownstone Law Group offers debt consolidation and negotiation programs that are designed to help consumers get out of debt in a reasonable amount of time without filing for Bankruptcy. We have years of experience and have helped many people become debt free. If you are struggling with Debt and want to learn about your options to become debt free, give us a call for a free consultation at (888) 853-8871 or visit our website at

This article has been reviewed and approved by Thomas A. Moore, managing attorney Brownstone Law Group, PC. California Bar # 148698. This article is for informational purposes only, does not provide legal advice of any kind or form any type of attorney/client relationship. This article was published on


Get in touch to learn how we can help.

Ready to Be Debt Free?

  • This field is for validation purposes and should be left unchanged.

Why Choose Us?

  • A Rating With the Better Business Bureau 
  • Charter Member Of the Business Consumer Alliance With an AAA Rating
  • Licensed With the State Bar of California
  • Many Satisfied Debt Free Clients
  • Hands-On Approach Providing Personalized Service To Each Client
  • Flexible Program Terms Custom Tailored To Each Client