A fair credit card debt settlement is typically somewhere between 50% and 70% of your outstanding balance, though settlements can range anywhere from 30% to 80% depending on various factors. If you owe $10,000, for example, you might negotiate to pay between $5,000 and $7,000 to settle the account in full.

Key takeaways Using a personal loan to pay off credit card debt could be a smart move if you can secure a lower rate or are juggling multiple credit card payments Paying off credit card debt with a personal loan may not be right for you if you’re overwhelmed by debt Before you use a personal loan to pay off debt,

Discover how your credit card bill compares to the U.S. average and learn ways to manage debt, lower interest costs, and take control of your spending.

If you're worried about increasing your balances due to an unrequested credit limit increase, you can call your issuer and request that it revert your limit back to the previous amount. You can also get ahead of these automatic credit limit increases and request your issuer not do so without your consent first.