What do you think about debt settlement programs

First be very careful about which one you choose to use. Be sure it is a reputable company by checking with the BBB and looking into how long they have been in business, etc. Afterall you are revealing all of your personal info and account numbers to them.

Also-compare the fees they are charging with other companies. It is an administrative fee and varies by company.

Lastly-be aware of the effect your participation may have on your credit score.

Consider negotiating with your lenders yourself. it can be tedious and take alot of time, but in the end you will have saved the debt consolidators fee and perhaps not damaged your credit score as much.

I am a bankruptcy lawyer, and have had many people come to me after dealing unsuccessfully with debt settlement/debt relief companies. Many of them have spent thousands of dollars in a futile attempt to pay... keep reading →

Debt settlement programs often help you eliminate debt in half the time, such as 24-36 months, and often will be able to settle with creditors for less than the amount owed, getting you out of debt faster. Make sure you do your research wisely as debt settlement is not for everyone and if you can make your monthly bills, enrolling in this program might hurt your credit score. Remember, debt settlement is great option to filing for bankruptcy, but make sure you find out what works best for you. There are many options.

Here is a site that might have some helpful information

http://www.golimefinancial.com/index.html