Negotiating the balance due on a credit card is not always the easiest or the best thing to do. First off you have to be behind on your payments before they are willing to negotiate with you. Second you have to understand that if you make a settlement with them it is going to hit your credit just as hard as if you filed bankruptcy. If you are behind on your payments and are ok with your credit
. looking like you filed for bankruptcy then there may be some options for you. First you need to call the credit card company. The first step they are going to try and take is to remove all the late fees, over charges etc to bring the balance down. After that they will work on a settlement figure with you and you will have to stick to a strict payment plan with them until you have paid the agreed amount.
