PendergastZhou40

If you're thinking about using a debt consolidation or debt settlement service to obtain out of debt faster and save money on your monthly obligations, ensure you do your homework before choosing a company. You will find definitely shams and scams on the market.

First i want to say that Debt solutions is *not* exactly like debt settlement/negotiation, which a lot of people don't understand.

Debt settlement businesses charge countless dollars as an initial "admin fee" to set up your account, plus a monthly service fee. The fees vary depending on the company and the quantity of the money you owe.

Such businesses take your cash each month, but do not make monthly payments to your creditors! Instead, they put it in a trust account, negotiate your financial situation with your creditors, then produce a lump-sum payment when there's enough in your account to pay for a creditor in full.

That can simply take *years* depending on the amount of 123 debt soulutions ltd with each creditor. Meanwhile, you can be sued by your creditors and your wages could be garnished! (Or just do not make payments to your creditors. You'll end up in exactly the same spot without paying someone to help you to get there! )