Given the current economic situation, is it any easier to settle credit card debt?

by Alegrya
Question by RecurvDesign: Given the current economic situation, is it any easier to settle credit card debt?
I'm getting ready to start negotiating with my creditors for the first time (yes I know it will hurt my credit). Will it be any easier to settle for less given the current economic situation? Thanks :)


Best answer:
Answer by CreditCards.comYes it is. Slightly.
It's a case of supply and demand.

You may not know it, but debts such as yours are packaged and sold in

Read more ...