SpellmanPettey267

If you are thinking about using a debt consolidation or debt settlement service to help you get out of debt faster and save money on your own monthly payments, make sure you do your homework before picking a company. You can find absolutely shams and scams out there.

First let me say that Debt solutions is *not* exactly like debt settlement/negotiation, which most people don't get.

Debt settlement companies charge hundreds of dollars being an initial "admin fee" to set up your account, plus a monthly service fee. The fees vary with respect to the company and the level of the money you owe.

Such companies take your money every month, but do not make monthly obligations to your creditors! Alternatively, they put it in a trust account, negotiate your debts with your creditors, then create a lump-sum payment when there's enough in your account to pay for a creditor entirely.

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