Debt Shield is a medium-sized debt settlement company located in Columbia, Maryland. They are active in their community and regularly give back to those who are less fortunate. On this hub you'll find out more about Debt Shield, what they do, how they do it, who can they help, and how much does it cost.

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What is debt settlement? Is it debt settlement or debt negotiation? While both terms can be used interchangeably there is a small distinction between the two terms. Debt negotiation is the process of negotiating with your creditors and settlement is the result of those negotiations. 

You negotiate to reach a settlement and you pay that amount and your debts are erased.

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Debt Shield will work on your behalf to reach a settlement with your credit card companies, hospitals and doctor's offices. They can help you eliminate any unsecured debts you have.

Who qualifies for debt settlement?

Not everyone qualifies for their services. Some of the qualifications include: You have to have over $10,000 in debt, you have to be committed to avoiding bankruptcy, and you must be behind on your payments or will be unable to keep up with your payments. It is also not available in every state.

If you can make your monthly payments, debt settlement is not recommended for you. Your credit score will go down using these services. That goes for any company, don't let them tell you otherwise.

You will be missing your regular payments for months maybe even a year or two. 

This is only available if you are struggling and having a lot of financial challenges that you need help with.

What kind of results can you expect?

While every case is different, there are some averages that you can consider. They are able to get debt reductions of 30 to 50%. It all depends on who your creditor is and what kind of deal Debt Shield can get you. Not all your creditors will want to settle.  They may want to sue you and take you to court instead.  That is a possibility you need to be aware of.

What does it cost?

The cost of debt settlement varies.  Some states have regulations in place that put a cap on fees.  The industry average is 15%.  Debt Shield may charge you more or less depending on where you live. When you can lower your credit card balances by 30 to 50%, the fee more than pays for itself with their services.

That does not mean you have to pay it.  You can choose to do your own negotiating and settle on your own. You will need to learn the process and get the right debt settlement letters and know when to send them. It takes work to do it. But you can do it on your own and save the fee. That is up to you.

But if you want to trust a professional debt settlement company that cares about its clients, you should talk to the folks at Debt Shield. They want to help people who are struggling financially and want a way out.

Click Here For a Free Debt Analysis With Debt Shield