Deciding that a settlement strategy is the best option for you is only half the battle. With hundreds of debt settlement solutions to choose from, the next thing you have to figure out is who, if anyone, should you hire to help you?

The truth is that you can negotiate and settle debts directly with your creditors. However a consumer with no experience or knowledge of how creditors operate is at a distinct and likely expensive disadvantage. At minimum I would recommend that a consumer hire someone to coach them through a debt settlement process if they decide to save some money and work directly with their creditors. The money that you would save, just by knowing when to take a deal and when to push for a better offer will be likely much more than you would pay for experienced advice.

For consumers who prefer to hire a third-party debt settlement company, I can say with confidence that most of them will make your financial situation worse. I speak with consumers every day who have lost thousands of dollars in fees only to see no results and have multiple creditor lawsuits staring them in the face.

That being said, there are some good programs out there that properly screen their clients and can deliver on the promised results.

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