Maybe you’ve seen ads that promise to negotiate on your behalf with credit card companies and collection agencies to shrink your debts. It might sound too good to be true, but the truth is that it sometimes is possible to convince your creditors to settle for less than what you owe. And if it can be done, you can probably do it yourself. Here’s what you need to know about the process.
I would just go to settlebankdebt.com . They usually settle in a few days if you are willing to get the debt settled.
Settling an account before it goes to collections has it own issues. If a debt is settled outside of collections the bill collector may be a junk debt collector who purchased the debt for his own that means no imputed income tax on the debt forgiveness because the money was never lent. Now the debt can be settled similar to a civil dispute without tax implications.