General Info

DebtSettlement.com is a matching service helping you find a program that meets your specific needs. Debt settlement consultants facilitate debt settlement programs for consumers who are overwhelmed with massive debt or who are considering bankruptcy as a last option. This process is also known as debt negotiation and debt settlement consultants are experienced in this aggressive, and often successful, process for debt management and reduction. Creditors are often willing to accept less than the original balance through debt settlement because they probably realize that some money received is better than no money received if the debtor chooses to file for bankruptcy protection. Debt consultants and credit counselors often develop relationships with creditors and can use this connection to the consumer's advantage as well. After debt is settled by a debt settlement plan, the creditor typically sends out a letter saying that the obligation was paid and informs the big three credit bureaus about the fulfilled obligation. While this option is a smart one for some people, there are drawbacks and an experienced debt relief consultant can help you find out if this is the right choice for your unique situation.