Buried in Credit Card Debt? Escape the Interest Trap Legally

Credit cards are often the easiest way to enter a debt spiral. With astronomical interest rates (ranging from 36% to 48% annually), even a small balance can balloon into an unmanageable sum within months. The "Minimum Amount Due" trap is designed to keep you in debt for decades. At DebtCure, we provide a legal exit route.

The Credit Card Debt Cycle

Many borrowers make the mistake of paying only the minimum due, which barely covers the interest while the principal remains untouched. This leads to cumulative interest and late fee penalties. Once you exceed your limit, the bank imposes even higher charges. Our advocates step in to freeze this cycle.

Warning Signs of a Debt Trap

  • You are using one credit card to pay the minimum due of another.
  • Your total credit card debt exceeds 50% of your annual income.
  • You are receiving 10+ calls daily from recovery agents.

Our Credit Card Settlement Process

1. Account Analysis

We review your statements to identify hidden charges, insurance premiums, and illegal penalties that can be challenged.

2. Interest Freeze Negotiation

We negotiate with the bank to stop the mounting interest and late fees while the settlement is being finalized.

3. One-Time Settlement (OTS)

We target a settlement between 20-40% of the total outstanding, effectively waiving off the massive interest component.

4. Official No Dues Certificate

We ensure you receive an authentic No Dues Certificate (NDC) directly from the bank, closing the matter permanently.

Is Settlement Legal?

Yes. Settlement is a recognized legal method to close a defaulting account. While it has an impact on your credit score, it is often the only realistic way to regain financial freedom and stop the mental stress of harassment.