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loan settlement balance
Once your credit card debt is negotiated, the creditor will send a debt settlement letter indicating that the debt has been reduced and considered settle once the renegotiated payment is made. Those enrolled in a credit card debt settlement program that make all of their program payments are usually able to save a considerable amount. Not only can you save off the principal balance, but the amount of time it takes to pay off your debt is dramatically reduced. You can use a Credit Card Debt Calculator to compare how long and how much it will take to pay off your credit card debt using the different debt relief programs or by making the minimum payments. Estimates are based on historical results and individual results may vary. Not all clients are able to complete our program for various reasons, including their ability to save sufficient funds.