You also need to have cash available to offer a settlement ... Once you’ve reached a debt settlement agreement, send a letter to your creditor detailing the terms of the agreement.

How Does Debt Settlement Work? What is debt settlement? Debt settlement, also known as debt relief, debt negotiation, debt adjustment and debt resolution, is a process through which consumers ...

You can also write a letter to the credit ... You should offer about 25% of your total debt owed to start to negotiations for debt settlement. The amount you settle on will probably be higher ...