W hen you're behind on payments and struggling to get rid of your credit card debt, a settlement offer from the creditor can ...

If a debt collector refuses your settlement offer, you may still be able to find a path forward. All the rejection means is that the debt collector isn't ready to accept that offer right now.

I wanted to see if they would offer me a settlement from a debt that accumulated to $34,158.82. They asked me how much I would be able to pay off if settled. After carefully checking my funds, I ...

J.R. Duren is a content marketing writer for CBS MoneyWatch's Managing Your Money team. On average, debt settlement programs result in paying 30% to 50% less than the full balance on successful ...

Making an offer with the IRS to settle your tax debt at less than what you owe? There are two payment options. Lump-sum cash requires 20% of the total offer amount to be paid up-front.