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Are debt settlement services effective?

Debt settlement services are performed by debt negotiation specialists who will negotiate a fair settlement with your creditors for less than you owe. For many, debt settlement services are a viable alternative to bankruptcy, credit counseling, and credit card and debt consolidation.

 

Individual results may vary based on ability to save funds, amount of debt, willingness of creditors to negotiate, and the successful completion of all program terms. Program does not assume or pay any debts, nor provide legal or tax advice. Prudence should always be taken by consumers when reviewing contracts and disclosure materials.

Additional Related Frequently Asked Questions

Q: Are some debt solutions better than others?

 

Q: How do I reduce or eliminate credit card debt?

 

Q: What steps can I take to eliminate debt?

 

 

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Personal Finance Money Tip
Personal Finance Money Tip: Pay all credit card balances in full each month. Leaving a balance on a credit card account will leave you susceptible to a very high APR. You may as well be throwing cash into the fire.
See also: alternatives to bankruptcy, credit counseling, debt consolidation, debt settlement program

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National Debt Settlement partners are TASC member companies.

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