Let us start with some positive thinking first. Of course this will work, let that be your mantra and keep thinking along that line. Be confident, hope for the best and this might work out for you. When you find yourself in a bind, the best thing you can do is to ask for help. But how can your creditors help you, you ask? They can lower the monthly payments on your card. Then you can better manage your finance.

Just like everyone else out there, you are also in debt and this has become a major problem nowadays. Since you have decided that you are going to solve this problem on your own, you will have to do some research as you are going to write a letter that is legally binding. Call up a lawyer or a debt settlement company to get some tips and help.

Before you do write the letter, there are matters that you could take into consideration such as:

· Understand all the facts, terms and conditions about your debt. You should also aim to pay back at least6% of your debt, or risk being rejected as your request would be thought as unrealistic.

· Make sure you already have the 70% stashed somewhere because once your letter is approved the money needs to be paid upfront, not in installments.

· You have to keep trying. If your letter gets rejected, keep trying and offer a higher settlement amount until your letter is accepted.

· Make payments on time and immediately once your letter is approved. Make sure you get and you retain the receipts as proof of payment.

Writing the letter is not going to be easy and you should make sure it is as informational as possible by providing details about your credit card and the amount owe. This will take some work and effort but it also offers satisfactory results.