There are several instances when you may want to consider debt settlement/debt negotiation over other alternatives. For example:

•          You could pay off the balances if settled for a greatly reduced amount.

•          You could pay the creditor under a reasonable payment plan.

•          You want to avoid having a bankruptcy on your credit report.

•          The debts are with just a few creditors.

•          You are ineligible to file for bankruptcy.

Debt settlement is most effective when the debts have been unpaid for a long time.

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