The credit card industry as a whole earns over $30 Billion profit in a single year by aggressively promoting credit and spending. These companies compete with one another for a larger slice-of-the-pie even while recognizing it will lead to a "cost of doing business" from losses when some consumers find they are unable to repay their balances due.

Every month creditors engage in Debt Settlement negotiations, forgiving millions of dollars of debt, and accepting as payment in full only a fraction of the amount then due from certain consumers. Creditors agree to settle when they conclude it is better for them to receive a lower amount now than continuing to pay the costs of ongoing collection efforts and hoping to receive more in the future from a consumer, net after collection costs.

Creditors settle debts with such consumers when they accept that repayment in full is truly beyond the consumer’s means. What credit card companies view simply as a cost of doing business should not ruin your life.

Debt Settlement is the fastest, least costly option available for eliminating debt. It is a legal, ethical and feasible negotiating process you can learn by using the Debt Settlement Guidebook or the Debt Settlement Coaching Program from Debtools to save thousands of dollars and eliminate your debt.