Debt settlement is an innovative debt relief option for people who need relief from a serious amount of high interest credit card debt (typically over $10,000). Through debt settlement, ClearOne negotiators will work with your creditors on your behalf to accept less than the amount that you owe - with the goal of 'settling' your credit card debt for an amount you can afford to repay. Debt settlement provides short term relief with a reduced monthly payment, long term relief by allowing you to payback less than what you owe, and time savings by getting you out of debt in approximately 24 to 60 months.