For Those Asking If Debt Settlement Companies Can Help

Yes there are a lot of debt settlement companies out there that will take advantage. But for all these people to say that no company will help you is just plain ignorant. Like everything in life there are two sides to every story. The reason why a lot of people had bad experiences with these companies is there own fault. When they signed up for a debt relief company they thought all their debts would just be eliminated and they didn't have to do anything. You still have to make payments even when you sign up for these programs. For the most part they are just trying to reduce a portion of your debt amount. Typically when people sign up for these programs they make a few payments and fall into old habits and stop making payments. Then after 4 or 5 months they wonder to themselves why isn't my debt eliminated? ...Well cause once again you didn't pay your bills.

So in conclusion yes there are viable companies to help settle and negotiate your debt. You just need to do a bit of research. Make sure any settlement companies are a part of TASC (the association of settlement companies) also check with the bbb which was stated in another answer. Most of these companies offer free consultations so check and see what there all about. If it sounds like its not legit don't do it and try the next company. Also, these companies will typically only work with you if you have $10k in credit card debt or more.