Being in debt, an already stressful condition to be in, can bring along with it a horde of other unpleasant side effects, like a phone ringing off the hook because of calls from collection agencies and a mailbox exploding with letters of credit card settlement notices. Even though these things can be miserable to experience, there is good news. These events mean that the creditor you are dealing with is showing that he is willing to accept less than the total amount of debt that you owe and is agreeable to allowing you to use a debt solution plan in order to get rid of your credit card debt.
Agree to a Single Part Payment
Some creditors will allow you to make a single part payment, but this must be done within a short amount of time. Creditors want to make as much as possible, so if they think that you may eventually not be able to pay them at all, it would be in their best interests to get as much as possible returned to them, even if it's not the total that you owe. Fortunately, this could work well for you too.
By W. M. Blake