[janamurf]

IS it possible to get credit card companies to settle for as little as 20% of what you owe, or is that a myth?

[counselors]

Janet,

Thank you for your question. The truth is that 20% settlements are possible. We've even seen in the history 90% reduction settlements.

With that said, there are various factors that go into negotiations - such as the age of the debt, the creditor, your financial situation, your potential ability to pay back the debt in the future, etc.

Whether it is negotiation for business debts or consumer debts, these types of reductions are possible, but we need to be involved in the process and evaluate your exact financial profile.

When you submit for a free quote at the http://www.curadebt.com home page, we can give you some more details based on your financial situation, or feel free to post it in the forums here and we can do our best to answer.

Thanks and good luck!