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cfortunato, Attorney
Category: Bankruptcy Law
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Experience:  Bankruptcy professor.
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when you settle your credit card debt who is paying the amount

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when you settle your credit card debt who is paying the amount that you do not have to pay?

Hi JACustomer,

When a credit card debt is settled, no one pays the difference. The credit card company just takes a loss.

I think this is what you wanted to know. If not, please let me know.
Thank you!

 

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