With debt settlement plans you can pay back less
than the full balance owed on each account enrolled in the program — making your new monthly payment affordable.
You can even use a credit card relief program, where you can pay less
than the full balance owed on each account and become debt free in under three years.
With debt settlement, you could end up paying back a significant amount less
than the full balance owed on each account.
If you have a lump sum that is less
than the full balance you owe on your debts, you can ask your creditors to accept the payment and write off the rest of the debts.
Not exact matches
You pay interest
on credit cards when you pay less
than the
full balance owed at the end of any billing cycle.