Debt settlement companies usually offer a lot of promises. There are ads that promise to free you of all debts in less than a year. Some promise to chop off more than half of your current debt. This makes people assume that debt settlement is a miracle cure. This is not the case. If you’re already in a lot of debt, you would do well to learn about debt settlement first. You don’t want to get yourself into even more trouble. Typically, people hire companies to help them with the debt settlement process.
Debt settlement: The Process