What is debt settlement?

Debt settlement (also called debt negotiation) is a process of negotiating with your creditors to pay off your credit cards and other unsecured debt (student loans, auto loans, and home mortgages are secured debts, and don’t qualify) for an amount less than you currently owe, often at a 40-60% savings. You will need to be behind in your payments in order to gain the leverage needed to get the creditors to settle your debts at a reduced amount (if you are making your payments on time, creditors won’t want to give you a “deal”). Typically you will pay the settlement company a percentage of the savings.

Does debt settlement really work?

Yes it does. Debt settlement works best for people who cannot pay their bills, are behind in their payments, or are considering bankruptcy. It is not designed for consumers who have small amounts of debt or who can still make their payments. It is a more aggressive approach to getting out of debt, and is not right for everyone. But debt settlement is a proven method, that does work (and worked very well for me personally).

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There are lots of ways to get into debt. That's the easy part. And there are also lots of ways to get out of debt. Some you can do on your own. Others you can get professional help. If you want to do it yourself, there is one particular method that works quite well. But it has a funny name - debt snowball.

No, it doesn't mean you that you challenge some famous rich person to a snowball fight, and whoever wins gets all the money (but wouldn't that be loads of fun!)

I can tell you from my own experience that it's not that easy getting out of debt, and it's definitely not that much fun. But if you decide to use the "debt snowball method" you will see just how well it works!

Why the name "Debt Snowball"?

Think of your debt like making a snowman. You start with a small snowball. Then you roll the snowball in the snow, and as you roll it keeps getting bigger, and bigger and ... well, before you know it you've got a snowman!

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If you’re looking for a way to make a few extra bucks on the Internet, using Craigslist is an easy way to get started. You don't need to have any technical skills. You don't need to spend any money. So there's really nothing to lose. You just need "stuff" to sell.

And if you're looking to save a few bucks by buying stuff on Craigslist, it's very simple. Just search for what you are looking for, contact the seller, and pick it up.

Craigslist makes comparison shopping can really fun & simple!

But is buying & selling stuff from strangers safe to do?

The simple answer is "yes". After all, it's not that much different than a tag sale. Of course, there are some ways you can protect yourself so you don't put yourself at risk. I've both sold & bought stuff using Craigslist for years, without any problems. But these days you can never be too careful. Here are some tips to keep you safe:

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Here are reviews of two of the top
debt settlement companies

Are you considering debt settlement, but are not sure how to find a company that's honest, reliable, and won't rip you off?

Well, you're not alone. Finding a good debt settlement company isn't easy. There are so many companies out there that they all start to look alike after a while. Ads on TV, the radio, in newspapers - you've probably seen them. And of course, they all say they're good. But how the heck can the average person tell the good ones from the bad ones?

So, what makes a debt settlement company a good one?

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Your credit score is an important part of your financial well-being. Duh. Pretty obvious, right?

Most people know that your credit score is used to determine whether or not you will get a loan or a credit card, and how high or low your interest rate will be. But most people don't realize that your credit score is used on other ways too - such as your insurance and employment. That's right, your credit score can be used by employers to determine whether or not you get a job!

Is that fair?

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Are you fed up with being turned down for loans - or paying very high interest rates - because of your past money problems?

With the right information, fixing your credit problems is not that difficult. These simple do it yourself credit repair tips helped me clean up my credit report and get rid of 27 damaging items. So, if past financial problems are costing you money, and driving you crazy, you're not alone.

Not long ago, about the only financial problem I had not run into was bankruptcy (although I was considering it at one point). But with a little patience and persistence - and some help from the "do-it-yourself" credit repair tips below - eventually I got almost all of the negative items off my credit report (which happened because of a business idea that did not work out).

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Are you struggling to pay your bills every month - and frustrated that you have no money left over to live a normal life, without worrying about money all the time?

With money being tight, I needed to find some "breathing room". So I started to shop around for the lowest rates and I was able to save myself $285 a month! By cutting out some unnecessary expenses, shopping around for the best rates, and clipping a few coupons, you can save yourself a lot of money and lower your monthly bills, too!

Hey, if I can do it, there's no reason you can't, too. There are lots of little ways to save money that really add up:

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"Do-it-yourself" debt settlement does work. And it can help you save lots of money ... especially with FREE help from an expert!

The concept of settling your debts is pretty simple. You can't pay your bills, so you offer the credit card companies a reduced amount in a lump sum to pay off your debts in full. They get some money rather than getting nothing - and - you get out of debt.

But the actual process of settling your debts isn't as easy as that. You certainly can "do it yourself." But the credit card companies would lose lots of money if everyone knew how to do it. And they would lose even more if the process was easy. And, debt settlement is not for everyone. If you can pay bills, you should. And if you can't then you need to realize how it really works.

So, if you still want to settle your own debts, here's what you need to know:

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