Credit card debt negotiation is also known by many as credit card debt settlement is a very popular way of eliminating the debt you owe, especially now that our American economy is hurting so much people now more than ever are in great need of debt relief.  This process is one that involves the consumer falling behind on their debts, pushing the creditors into a situation where they must be willing to negotiate a settlement on the account.  During the time when the consumer is falling behind they must save the required money it will take to pay off the settlement agreement in one payment.  Thus greatly reducing the amount you had to pay back and helping to be debt free very rapidly.