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FAQ-3 Q: Why would credit card companies be willing to settle cards for less?

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This video is brought to you courtesy of Virginia Debt Relief .org. Q: Why would credit card companies be willing to settle cards for less? A: If a credit card company understands that a cardholder is going through financial hardship and has fallen behind several months — rather than sell off the debt to a third party agency for a fraction of what is owed — they may be willing to consider a reasonable settlement offer made directly by the cardholder or negotiated on the cardholder’s behalf by a debt settlement company.

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