Buy My Credit Card Debt Page

: You essentially take out a new loan from a lender like Avant or Wells Fargo to "buy out" your high-interest credit card balances. This leaves you with one monthly payment, ideally at a lower interest rate.

In the standard financial cycle, you cannot "buy back" your own credit card debt for the same pennies-on-the-dollar price that professional firms do. buy my credit card debt

: These firms might pay only 4 to 15 cents for every dollar of debt, but they then legally own the right to collect the full 100% from you. : You essentially take out a new loan

: Banks bundle thousands of delinquent accounts into portfolios and sell them to "junk debt buyers" like Encore Capital Group or Portfolio Recovery Associates. : These firms might pay only 4 to

: The IRS often views "forgiven" debt over $600 as taxable income.