Intelligence

Story on Credit Card Debt & Negotiating w/ Credit Card Companies

Reporter: Satta Sarmah-Hightower

Publication: Credit Karma

Contact: iq@fullyvested.com

Deadline: Apr 11, 2017 7:00 pm

I’m working on a story about how consumers can negotiate with their credit card company. The story will cover different settlement options, things consumers should keep in mind before pursuing one of these options and the potential credit score and tax implications, etc. I’d need 1-2 (financial) experts in the credit card debt space to answer the following questions: -What types of settlement options are available to consumers who want to settle their credit card debt? What should they consider before they choose a settlement option? -What options are available for people who are experiencing extreme financial difficulty, either due to job loss, serious illness, loss of a spouse or other factors? What advice would you give them about how to handle their credit card debt and negotiate with their credit card company? -How will these arrangements affect their credit score, and what are the tax implications? -When should someone consider a third-party debt settlement company? When is this the best option for someone, and what’s the biggest difference between a non-profit and for-profit debt settlement or debt management program? -What advice would you give consumers about how to settle credit card debt with the least impact to their credit score and financial future? Requirements: Credit card and financial experts, financial planners, someone associated with a professional or membership organization (i.e. National Association of Credit Counseling).

Read Article: https://www.creditkarma.com/
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