It would be magical if you could say a couple of words to a bill collector or to the credit card company and have them remove a large chunk of your debt. Simply saying "I don't want to pay those fees" and the company readily agrees and immediately removes them. How wonderful that would be. Debt would become manageable and you would no longer have the high credit card bills piling up. Even better, you would no longer have to worry each time the phone rang and pretend you were not home when you realize it is a bill collector.

The sad reality is that the average consumer does not have the power to make this happen. You cannot magically wish away a debt or obtain a lower interest rate. However, you can still make it happen, you just need help.

When you use the service of a debt consolidation company what you are getting is the assistance of someone who can negotiate these terms for you. A trained credit counselor can, on your behalf, negotiate your credit card debt to a manageable pay off amount. They can have interest rates dropped or stopped, have fees removed and stop any further service charges from being placed on your account.

It's not magic. It is knowledge and training that enables them to accomplish this. They are trained negotiators who have experience dealing with creditors from every angle. They know the consumers rights and have the ability to wheel and deal until both parties come up with an agreeable amount to pay the debt off. They can even help you arrange a debt settlement loan to pay all your bills off at one time.

If you are really interested in reining in your debt and making it more manageable, stop wishing for a magic word and consider a debt settlement company. They can help you obtain the financial freedom that you desire.