Debt Settlement is

a program that was started years ago, and in time has gotten a really bad rap. It has not gotten a really bad rap because of how the program works, but because of the companies who enroll people into the program. Unfortunately, because this program is relatively easy to start up and so many people are in debt there is an abundance of €rat€ companies out there that will take advantage of clients. But don't be afraid to get into a program because of this - you need to use your best judgment and do your research. Believe me nothing is perfect - so if you are sold something that is too good to be true and nothing negative is brought up to you run and run fast. Most people you talk to at these companies are incentive by making a sale, so the old €car salesman€ mentality comes out. Find a company where the people you talk to are not incentive by a commission; these are the ones you can actually find out the real truth about the program. The reason is a lot of these companies' incentive people for the amount of people that stay in the program which forces them to be honest from the beginning so that someone does not quit once they join.
debt settlementDebt Settlement is

the process of eliminating your debt by the method of offering a lower amount than what is currently owed. This program works because creditors see someone as having 3 options: 1. they can pay their bills, 2. they can do a settlement, or 3. they can file for bankruptcy. So if they have quit making payments then there are two options left. And of those two options banks either get something or nothing. If the client files bankruptcy the creditor gets nothing - so they are incentivized to do a settlement because they get something. But be careful, yes you can do this yourself but the person you are calling is getting a commission on how much they can collect - so they get pretty nasty. The reason a debt settlement company is good to use is because they will handle the negotiation and they have no emotions in the settlement, you do. Creditors know this and they will play on those emotions any way possible just to get you to pay - legal or not. So if you got thick skin, give it a try. If your settlement they offer you is more than $.35 on the dollar ($10,000 debt/$3,500 settlement) then start searching debt settlement companies. There are good ones out there and it will change your life!
http://www.debtsettlementhelpcenter.com