Debt collectors will often offer debt settlement programs to consumers to coerce them to pay a debt. Although settlement offers may sound like a good deal, consumers should stay informed to protect their credit scores and their wallets.
Despite their best intentions, many consumers find credit card debt hard to manage. Making regular repayments may make in a dent in their balance on paper but, once interest is added to the money they still owe, they may simply feel like they're getting nowhere fast. One option that may give an alternative solution is switching to a 0% balance transfer credit card deal. So, how do these deals work?