MarketplaceCredit Card Reduction Who has or knows someone who has used a credit card company to reduce dept.? I am a company intends to use the reduction of department to reduce the principal of my credit cards. They argue that the credit card companies just out by negotiating lower balances low and get those balances paid immediately. I know it hurts credit, but those after a few years and have a better ratio of debt that my credit will improve. many of these companies are scams They never work and it loads before the tax, they are scams. DONT Posted on March 7, 2010.
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