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I work for a debt settlement service and i say yes.

But you have to choose the right one.

There are bad settlement companies out there. Look for one that has a thorough screening process and makes sure you are qualified first. A bad one will want to get you signed up as quickly as possible without asking many questions.

You can settle your debt on your own, but a debt settlement service puts you on a savings plan you have to adhere to, most people simply can't save on their own. No offense but people in debt that need debt settlement aren't very good at saving their money or have an extreme hardship that prevents them from doing so. a debt settlement service provides much needed financial structure.

Also, they are more experienced in what is going out in the market. You have one Chase account and can settle it on your own, but debt settlement companies deal with thousands of Chase accounts and know when the right time to settle is.

Short answer: YES

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Related questions

What are some services that debt settlement companies offer?

Debt settlement companies offer services to help people in debt easily pay off their debt. They work with you and those that you have debt with to come up with a solution.


What services do Debt Relief of America provide?

They offer debit consolidation loans, debt settlement, debt management, and debt negotiation services to help people manage their debt payments so they can one day get out of debt.


Who can recommend a good settlement attorney?

It depends upon what it is that you are settling. You can need a debt settlement attorney, a workman's compensation lawyer. No matter what you can find a reputable company that will recommend an attorney to you online.


Where can one find information about a debt settlement service?

If one has credit card debt, one can contact the credit card company and inquire about debt settlement services, Otherwise, one can go to the government website consumerfinance.


What are the disadvantages of using a debt settlement agency?

There are many disadvantages to using debt settlement agencies. One of these disadvantages is that they will charge a certain amount of the money amount being disputed for their services.


Where can I go for debt settlement services in Southaven Mississippi?

If you're looking for a local company to help with debt settlement, I suggest you talk to you local bank. They can provide you with a personal loan to consolidate your debt at a much lower interest rate. Most debt settlement companies are nationwide companies and provide the same service.


How much of a reduction in what I owe could I expect if I use debt settlement services?

They often settle for 1/4 to half of the total declaired debt. Each company will have their own settlement limits.


What services does the Careonecredit offer?

CareOne Credit is a debt consolidation company that specializes in debt relief services. A certified credit counselor will work with you to create a personalized solution based on your situation. They offer Debt Management Plans (DMP), Debt Settlement, Member Benefit Services, and Ongoing Customer Support.


Where can one find debt services online?

There are a great many debt solution services offered online. Most financial services companies have debt service companies that they recommend or work with. Your bank, local university or even library may offer such services as well.


What is the best low cost company for debt settlement negotiation?

Byrom&Keeley Financial Services Ltd


Can you tell me what services debt settlement USA is all about?

You can hire an attorney that specializes in finance to help you in civil court if you want to. You can also talk to a service like Debt Settlement USA to see if your student loans can be lowered.


Which debt settlement companies offer the best deals to customers?

The two debt settlement companies that offer the best deals to consumers are Oak View Law Group and CareOne Debt Relief Services. Both of these companies offer free consultation, individual advisors, and a guarantee of ones privacy.