Debt settlement occurs when you "settle" your debts with your creditors. This option is available those borrowers with very large amounts of credit card debts, who have fallen very far behind on their payments. Of course, debt settlement is not always your only or best option. Some related forms of debt relief are featured on other directory pages of the Debt Consolidation Loan Directory:

• Debt Consolidation - (Home Page) DebtConsolidationLoan.com offers listings for a wide range of financial services, including: debt consolidation, credit counseling, debt settlement, auto loans and insurance services. A consumer information library offers articles and tips on how to better manage your money and stay out of debt.
• Credit Counseling - Too many debts to keep track of, let alone make minimum payments on? Non-profit credit counselor and debt management firm listings from the Open Directory Project (ODP).
• Alternatives to Bankruptcy - With the new bankruptcy legislation, a consumer must meet certain requirements before they can file for bankruptcy. Fortunately, it is not your only option when you fall very far behind on your payments.
• Debt Consolidation Programs - Learn about the debt consolidation process and review detailed listings for lenders and services offering to help consolidate your debts.

The settling of a consumer's debt involves negotiation with your creditors to cancel a portion of what you currently owe. Here's an example: if you owe $10,000, you've lost your job and you can no longer make your minimum monthly payments, then you may call your creditors and say you are unable to repay what you owe. Some companies may agree to erase (or eliminate) a portion of your debt and will usually set up a repayment plan. You, then, promise to repay a set percentage of the reduced amount - maybe $8,000 in this example – paying a portion of the new total debt every month until the negotiated balance is paid off.

You can settle your debts on your own, but consumers are usually more successful when they work with a debt settlement firm, many times saving 40 percent or more of your debt. These companies exist solely to negotiate with creditors on behalf of their clients. They are usually more successful at settling bills than individuals because they have spent years developing relationships with the major credit lending agencies, and they can leverage more debt from multiple clients.

Advertiser Directory Listings:

Reduce total balances. Get rid of debts in months. Avoid bankruptcy. No credit checks. One simple, low monthly payment. Service is available to homeowners and non-homeowners. Privacy Policy		Debt Settlement with Credit Solutions "Debt Relief for Today" Your overwhelming bills are a burden you don’t have to bear alone. Credit Solutions understands your urgency to relieve the stress and anxiety debt causes. Take control of your future and achieve a debt free life. As the debt settlement industry leader, Credit Solutions settles millions of dollars of bills each month. Their experts reduce your total debt and guide you with solid financial information and effective budgeting tools. Get your free consult today. Credit Solutions does not offer services in: Connecticut, Delaware, Georgia, Idaho, Indiana, Kansas, Kentucky, Maine, Mississippi, New Hampshire, New Jersey, North Carolina, Ohio, Rhode Island, South Carolina, Tennessee, Utah, Vermont, Washington, Wisconsin, West Virginia and Wyoming.
http://www.creditsolutions.com ( Secure form) Main Office Location: 15601 Dallas Parkway, Suite 700 Addison, Texas 75001

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Please take time to educate yourself!

• Is Your Credit History Being Reported Accurately? - Something as easy as correcting incomplete or incorrect information in your credit report may be enough to qualify you for a lower interest rate on a loan or credit card and save you a lot of money each year in interest costs.
• How do You Know When You Are Too Far in Debt? - You should take control of your personal spending as soon as you see any of these warning signs that your bills are getting out of control. Avoiding to do so could lead to a bankruptcy, which is NOT a cure for your financial or credit problems.
• How Many Credit Cards are Enough? - The FDIC advises that there are good reasons to have at least two credit cards, but some people collect a stack of them; including store and gas cards, several of which they rarely use.

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