Debt consolidation companies like National Debt Relief and Freedom Debt Relief offer to help you through the process for a fee (eating into your savings).
They will instruct you to stop paying your bills, which leaves you open to lawsuits by your creditors.
The latter might come with a zero percent introductory interest rate, giving you several months or more to pay down your balance interest-free.
The debt settlement process involves hard-core, long term debt collection attempts by your creditors, and serious credit score damage that will last for many years.In reality, credit card debt forgiveness is rare and tricky, and can be very costly. Then you have to convince your creditors that you don’t have the means to repay your debt and your situation isn’t likely to change.