Debt Relief Debt Relief

Traditional Debt Relief Strategies

Debt Negotiation and Debt Settlement Companies

Most of the ads you see for debt relief are from debt negotiation and debt settlement companies. These debt settlement companies negotiate on your behalf with your creditors in order to reach debt settlement agreements acceptable to all parties. The clear benefit of working with a debt negotiation or debt settlement company is that you are working with a trained professional. Moreover, the larger negotiation and debt settlement companies can actually negotiate better deals for their clients due to the amount of debt they control among various creditors.

Here are some factors to consider when shopping for a negotiation and debt settlement company:

  1. The company you choose should be a member of either TASC (The Association of Settlement Companies) or USOBA (United States Organization for Bankruptcy Alternatives).
  2. It should be accredited. Check each debt settlement company you consider at or While just being a member isn't necessarily good enough, accreditation means a company is part of the elite for that trade association.
  3. Make sure you understand all the fees associated with the program. Under existing UDMSA (Uniform Debt-Management Services Act) legislation, companies are generally allowed to charge up to 17% of debt. You may also be liable for taxes on the difference between what you owe and the amount for which they settle.

Remember, even though you are paying the negotiation and debt settlement company each month, YOU are still liable for the debt, and collection efforts will still proceed against YOU until a settlement agreement is reached. For a referral to an accredited negotiation and settlement partner, fill out the form on the left.

> DIY Debt Settlement

DebtClear Trusted

To receive your FREE Debt Settlement consultation just fill out the form below.

I have read and agree to the
Terms and Conditions.