OVLG offers credit card debt settlement programs to help you pay back creditors fast and at nominal fees. Find out when and how to settle credit cards debts for less.

Credit card debt settlement - Settle online and save now

"Credit card settlement makes you feel rich even when you don't have full money to pay back your creditors"

Credit card debt settlement is the process wherein you shrink your debts through negotiation. It helps you pay almost half of what you owe on your credit cards. This process is also known as credit card debt negotiation.

How much can you save?
Monthly payment you can afford

OVLG Credit card debt settlement process

OVLG helps you get debt relief in 6 small steps. Our attorneys give you the best credit card debt settlement advice in 48 states 24*7. All you need to do is navigate the process and trust us a little bit.

Credit card debt settlement programs - When, how and why

When it makes sense

  • You're at risk of getting sued
  • You seriously want to save money
  • You can't even make minimum payments
  • Collection calls are excessive
  • You may get bankrupt soon
  • You may have to borrow money to reduce balance

How it reduces your debts

Negotiation with creditors

Convince you can't pay the full amount

Creditor agrees

Reduces debt, removes penalties & fees

You settle and save


Make sure your creditors don't report paid as settled on your credit report. Rather, request them to update it as paid in full to save your credit score.

Why you must choose OVLG

  • 1 It offers the best credit card debt settlement program online
  • 2 It helps you save on late fees, penalties and balance
  • 3 It follows the credit card debt settlement laws
  • 4 It gives you 100% no result refund policy
  • 5 It gives you sample debt settlement letters for free
  • 6 It gives you the perfect credit card debt settlement advice
  • 7 It has 84% satisfied clients and 360+ live reviews on credit card debt settlement
  • 8 It's a CalBar registered law firm
Thu Feb, 2017 Review: DG1 saved $285.96
Client satisfaction level:
* Client names have been changed to protect privacy

Credit card debt settlement pros and cons

Pros - What you gain
  • Your money and respect
  • You pay less to creditors
  • You get fewer collection calls
  • You can avoid getting sued
Cons - What you lose
  • You will credit score will drop by a few points
  • You've to pay tax (when savings is 600+)

Credit card debt settlement Act 2010

  • 1 Debt negotiators must tell you how much to save before making a credit card debt settlement offer to creditors
  • 2 They would explain the terms and conditions of the credit card debt settlement program
  • 3 They need to give an idea on how long you have to wait to get results
  • 4 If debt negotiators ask to stop making payments, then they need to explain the consequence of this action
  • 5 They can't ask you to pay an upfront fee
  • 6 They can charge only a part of the full fee for every settled account
  • 7 You'll be the sole owner of the funds and interest earned in the trust account
  • 8 The FDIC insured bank should not be affiliated with the debt relief company

Credit card settlement companies

Want to settle credit card debt through companies? Finally ready to get help from professional settlement companies? It's time you differentiate between the credit card debt settlement facts and fiction.

  • Credit card debt settlement companies are scams
  • You can get rid of your credit cards today
  • You need to pay a fee in advance
  • It is the only option to get rid of debt
  • You'll not be in debt once negotiation is over
  • You can't settle credit card debt online
  • No. Rather, they help you settle credit cards fast.
  • Only a miracle can help you to do that
  • Credit card settlement companies are forbidden to do that
  • No there are other options as well
  • No. Secured debts can't be settled
  • Wrong. OVLG helps you settle debt online

4 Secrets for settling credit cards for less

(1) Settle before your accounts are given to collectors

The first black spot is created on your credit report when you default on credit cards. And, the second black spot is created when your credit cards are given to collectors. Your score may drop between 45 and 65 points once your accounts go to collectors.

(2) Create a strong negotiation strategy

Compile all facts - your income and expenses. Then create a convincing story and present it in front of your creditors. You've to explain why you can't pay the full amount by all means. Remember, creditors already know you pretty well. Make sure you don't lie. If you don't want to take a headache, then leave everything to OVLG. We'll take care of everything.

(3) Be patient and wait for the right time

Creditors may not accept the initial offer. This doesn't mean it's the final decision of creditors. They may accept a modified version of your offer. So, be patient and let us renegotiate with creditors. Also, don't be ashamed of yourself. It's not a crime to settle credit cards.

(4) Get a written agreement in your hand

Irrespective of how you settle your credit card debt, never ever pay a penny without getting a written agreement beforehand. OVLG always gives a written settlement agreement online. You can check the clauses before paying a penny.

Credit card debt settlement - Impact on credit score

Credit card debt settlement gives you the golden chance to strike a great deal. You pay less the actual balance and get rid of the debt once for all. But, since you're paying less than the outstanding amount, so you get penalized for it.

Credit card debt settlement affects credit score negatively. FICO doesn't disclose how many points you'll lose after setting your credit cards. But, this is clear the higher your score is, the bigger will be the drop. Therefore, if your credit score is low, then you won't even see a drastic effect.

Surprising credit card debt settlement facts

  • 1 The credit card debt settlement agreement becomes null and void if you don't pay the negotiated amount.
  • 2 You need to get your credit report updated as "paid as agreed" or ‘paid as settled" after making the lump-sum payment.
  • 3 If you can convince your creditor to update your credit report as ‘paid in full', then it is best for your credit score.
  • 4 Credit card debt settlement programs are not part of any government programs like HAMP in the mortgage industry.
  • 5 The IRS will ask you to pay tax if you save more than $600 through credit card debt settlement plan.
  • 6 Depending upon the convincing skill of debt negotiators and mood of creditors, you can save as much as 60% on your debts.

3 Steps to settle credit card debts online

1> Save: Save money till your creditors are ready to settle credit cards
2> Negotiate: Negotiate either on your own or through OVLG
3> Pay: Make a lump sum payments as agreed during negotiation

What if you can't settle credit cards?

Creditors are not your slaves. So, what if they don't agree to settle your credit cards? What should you do?

Well, the only choice you've is to view the alternatives and these are:

Credit card debt consolidation wherein you get an alternative payment plan.
Credit card debt management wherein we'll prompt creditors to slash interest rates.

Credit card debt settlement - Safety kit

  • Credit card debt settlement letter
  • Credit card settlement agreement
  • Credit card debt collection laws

Why you should use attorneys for credit card debt settlement

  • 1 They will act as your credit card debt settlement guide and help you complete the process successfully
  • 2 Since they have good convincing powers, they can help to lower the credit card debt settlement amount.
  • 3 Credit card debt settlement attorneys know how much to offer to creditors
  • 4 They can give you right legal guidance and help you avoid lawsuits
  • 5 They are aware of the state debt collection laws and payday loan laws. They can make you aware of these laws as well.
  • 6 Credit card debt settlement attorneys know the statute of limitation period in your state. This can help you decide whether or not to settle your credit cards.
  • 7 They have the industry update on the overall credit card debt settlement percentages and recently passed laws. So, they can deal with creditors accordingly.

Credit card debt settlement - Compare and choose

Credit card debt settlement online Credit card debt settlement non-profit Credit card debt settlement attorneys
You pay a settlement fee You pay nominal fees You pay an hourly fee
You won’t get legal advice or help You won't get legal advice or help You get legal advice and help
You'll get credit card debt settlement services online You'll get credit card debt settlement services both online and offline You can get credit card debt settlement advice both online and in face-to-face conversation
So, ready to go for credit card debt settlement online?
Just call us at 800-530-OVLG and get the best advice in town
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