Credit Solutions is the largest debt negotiation firm in the United States. They have helped thousands of people reduce their debts and finally become debt free. But does that mean you should work with them to reduce your credit card balances? Find out what is good and not so good about working with a debt settlement company like Credit Solutions.

Debt settlement and debt negotiation is the process of working with your creditors to reduce what you owe. The creditor is willing to work with you because if they do not, they could possibly get nothing if you file bankruptcy. Not all creditors are willing to negotiate down your debts. Your results will vary with debt settlement. You will get better results with debt settlement than with credit counseling or debt consolidation because you are actually eliminating your balances.

Debt settlement is better than credit counseling or a debt consolidation loan because you are reducing what you owe instead of consolidating it and spreading out the payback period. With debt consolidation, you extend your loan term and this lowers your monthly payments but you end up paying more overall than with debt settlement. With debt settlement, your total balance is lower so you end up with lower monthly payments and more cash in your pocket every month.

Credit Solutions has staff available 24 hours a day, 7 days a week. If you have questions or need help with your accounts, there will always be someone available to help you. Credit Solutions has helped settle over $850 million in consumers' credit card debt. They are not without their fair share of complaints though either. No debt settlement company is perfect. But due to its size, they have more complaints than other debt negotiation companies. They are also older too, they were established in 2003 which is a lot longer than most companies offering debt settlement services.

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Does debt settlement work? 

Yes, but your results will vary.  It all depends on your credit card companies' willingness to make a deal with you.  Sometimes you have to wait for your account to go to a debt collection agency before you can make a deal and get your balances lowered.  There is some art to getting the best results.  This is where using a company like Credit Solutions can help improve your results better than you can do on your own. 

You can do it yourself debt settlement and try to work with your creditors on your own.  If you do this, you can save 15% of your debt.  This is what debt settlement costs when you deal with a debt settlement company.  So if you send the debt settlement letters and offers on your own and get your balances reduced, you can save even more money.  But people do not have the time or want to do all this work so they leave it to a debt negotiation firm and just pay for their expertise.  The choice is yours. 

But if you need help with your credit card problems, you can turn to a company like Credit Solutions to help with debt reduction and get more money in your pocket each month.