GatlinSykes412

If you are thinking about utilizing a debt consolidation or debt settlement service to obtain out of debt faster and save money on your monthly payments, ensure you do your homework before picking a company. You can find definitely shams and scams out there.

First i want to say that Debt solutions is *not* the same as debt settlement/negotiation, which most people don't realize.

Debt settlement organizations 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 number of your financial situation.

Such companies take your money every month, but don't make monthly payments to your creditors! Alternatively, they put it in a trust account, negotiate the money you owe with your creditors, then create a lump-sum payment when there's enough in your account to pay a creditor in full.

That can simply take *years* with regards to the level of 123 debt soulutions ltd with each creditor. Meanwhile, you may be sued by your creditors along with your wages can be garnished! (Or just don't make payments to your creditors. You'll result in the exact same spot without paying anyone to help you get there! )