Debt consolidation experts differ from debt consolidation negotiators
in that the debt negotiators will work to get your bills reduced, rather than
simply rolling your bills into one monthly payment. Some debt negotiators
will work to get your bills reduced up to "40-60" percent. This means if the
negotiator manages to get your debts reduced to 60%, then if you owed
$10,000 in debts, your debts will be reduced to $6000.

Be aware that some debt consolidation services and debt negotiators will
claim to relieve you of debt in one year or else in one and half years. But do
not fall for this, especially if you have negatives on your credit report. Why?

Because if you have judgments, defaults, or what have you on your credit report,
it will remain on the report for up to three years, regardless of whether or not you
pay your debts off. In addition, if you have a bankruptcy on your credit report, then
it will stay on your credit report up to ten years.

Few debt negotiators will allow you to control your own debt management plan
through your own banking account. Yet, few companies offer free counseling and
your "money back guaranteed." Be aware that these services charge fees for their
time and potentially charge high rates of interest. Therefore, make sure you read all
paperwork offered to you by the company before signing any agreements.

If you are in debt, you may want to reconsider bankruptcy by choosing a debt
consolidation solution or else hire a qualified low-fee debt negotiator to act on
your behalf. In conclusion, few debt negotiators will work hard to save you money,
and at the same time let you know that your credit report will remain in tact even if
you payoff your debts.

Talbert Williams 1DebtFreedom.com All rights reserved