As you are now aware you can use debt settlement to negotiate your debt and eventually clear it.
Settling credit card debt for less has never been this easy.
Despite the fact that the debt relief option itself has been available for ten years, most consumers just found out about it in 2010.
It seems like the massive push made by the government has paid off as more and more consumers use debt settlement as an alternative to bankruptcy.
Debt settlement is a way to talk to your creditors and agree on a more affordable amount of debt.
The process can be done in two ways, either you try to negotiate alone or you hire a debt settlement company.
If you decide to talk to the creditors alone you will save some money on fees, but that is the only good point while disadvantages are quite a few.
First of all you risk getting intimidated by the big credit card companies because they usually push consumers away or even convince them to forget about debt settlement and pay them back.
And even if you are successful in making the creditors listen, it can be for a small period and you risk getting a smaller reduction than the one you would have got with the debt settlement company.
So it is a loss overall and it might be better to consider the alternative.
You can hire a debt settlement company to represent you and take care of the negotiation process.
This company can be found online and the results are more than a handful, just make sure the company is legit before you give it any money; usually it is better to look up a debt relief network to avoid any risks with fake companies.
Now that you hired a company you can start saving up; although the company will get almost 60% off your debt, you still have to pay some of it back.
You can choose to pay the creditors each month or you can just save the money and pay them in a lump sum.
As you can see it is not difficult to clear your debt if you know which debt relief option to use.