User:ElvaGoetz33

If you are thinking about employing 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 research your options before selecting a company. There are absolutely shams and scams available.

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

Debt settlement organizations charge hundreds of dollars as an initial "admin fee" to create your account, and also a monthly service fee. The fees vary depending on the company and the amount of the money you owe.

Such companies take your hard earned money every month, but don't make monthly payments to your creditors! Alternatively, they put it in a trust account, negotiate your debts together with your creditors, then produce a lump-sum payment when there's enough in your account to cover a creditor completely.

That can simply take *years* with regards to 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 don't make payments to your creditors. You'll end up in the same spot without paying someone to help you to get there! )