You have personal debt of 100000 and am thinking about debt settlement but you are a business owner will the debt relief affect your business in any way?

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I would suggest that you should contact a consolidation company as they are the experts and can best suggest you how to resolve your debts. Because you have more debt. They would plan out your debt properly. As they contact the creditors and negotiate with them and can help you getting a loan if you want at a lower interest rate plus u would have to pay only one payment per month. Apart from that they also do settlements with your creditors.

So in this way you can earn credits point in few years. Thus from my point of view this would be a best option for you. Long back when I had faced debt consolidation problem, that is what I did. More input

There is no straight forward answer to your question. Let me explain you: Personal debt usually does not affect your business. What you need to realize is, how many assets do you have?

If you have a trucking business, with 12 trucks of your own, then naturally the creditors would not like to negotiate with you. :) You need to get in touch with a professional Debt settlement company for this type of debt settlement, where in they should have a panel of attorneys. To give you expert advice on risk involved with business assets.

If you have negligible assets as compared to your debt, you dont have to think about it. Pick your phone, call a debt settlement company and go for it. Last year, my sister was going thru a tough time, she opted for debt settlement. She called a company which does debt settlement for both personal and business debt. So, maybe you can check out doing the same.