The credit card company will hire a debt collection agency that will help them in collecting your debt. However, you should be aware that the agency will do anything to make you pay your credit card debt. They will try to threat you. They will be threatening to file a lawsuit against you. Do not be pressured because they won’t really file a lawsuit, that’s just too much effort for them. Instead, make a deal with them. Make an offer. You’re opening offer should not be more than 25% of the amount that you owed the credit card company. Make an offer that you can afford. if they accept your offer, then put everything in to writing to make sure that the deal that you made is legitimate and also to make sure that your payment will really cover your debt. 

 They may take it easy on you and allow for you to settle credit card debt without much hassle. Although this happens a lot of the time, it doesn't necessarily have to be the case. Sometimes the company with its lawyers can drag you into long term credit card debt settlement. It will cost you a lot of time and money even if they don't get back what you owe them.