boatchick - I did debt settlement when I got divorced, seemed great for a while I could breathe!  Then about a year or so later I started getting harrassed and demands or the same debts, some of which my ex and I have now paid 2 and 3 times to get them off our report just to be able to maintain our jobs.Your work if you need certain clearances won't care if it's been settled they will tell you to get it off your report now or  lose your position. If you attempt settlement make certain you get the offer in print before giving access to your bank funds and make sure the credit report states "paid in full" otherwise they will keep coming after you.

rhitter94 - I was contacted by one of these companies, and I will NEVER use this strategy.  I would rather pay on the steady path, and NOT hurt my credit rating.

- I think it is really a great article. thanks to you........

belleph - wow thank for this. it is very informative.

jdmanuel - thanks for the info!

aida0205 - what a nice article.. i got it..

- It would be a great help.Great article about debt settlement

sona - Getting the service of Debt counselor is not cheap. And if we have enough money and debt too we can hire the service. With huge debt and little earning no one will help us.

- Settling one's debts is one of the biggest problems a person has to face every month on a regular basis.  But when there is proper management and orderly tracking, half of he problem is solved.

aizjane - Nice article. It would be a great help.

erica5412 - Great article. Thanks for all the information.

rofizarkasih - Great article about debt settlement.

Miles (Guest) - I do understand why you would be afraid to make these payments upfront, but you have to put yourself in the position of the settlement company. If a client is already past due with their credit card companies why would you do work that is going to cost more than 20 dollars with out any pay. It comes down to the fact that they are already either past due or struggling with these companies and there is to much risk on not having them make those payments upfront.

As far as it being better for them to settle their accounts themselves, the majority of credit card companies will not settle unless you have a lump sum payment for them. For example if the average American that would be using this type of a program has $20,000 in debt and the average credit card company will settle with a client at 70% that means that they will need $14,000 to settle with them. Most people who have $20K in debt don't have $14K sitting around to settle with. They also don't have the good faith that they are actually going to pay this service after it is finished.