Dealing with debt and bill consolidation can be as simple as applying for a debt settlement service. This is particularly true if it is credit card debts. The stress that often comes with dealing with interest charges, late fees, and collector harassment sends many people to rush in search of debt relief. Settlement services are available online to offer you all of the support and counseling that you could possibly need as well as workable solutions for credit problems which are such a big problem in this country. However in order to get debt settlement you must first qualify for it. Let’s see how you can qualify.

When it comes to a debt settlement service it is used to help you with all of your unsecured debt, such as credit cards, medical bills, personal loans, and department store cards. When you get an unsecured debt, there is no collateral or property attached to the loan that can be seized for repayment which leaves most of us out in the cold. Secured debts include home mortgages and car loans. What this means is that if you default on the loan, property is repossessed as payment. Secured debts do not qualify for a settlement program for this very reason.

We as consumers must also have at least $5,000 in unsecured debt if we want to qualify for a debt and bill consolidation plan. Most of the other typical requirements for qualifying are that you must have proof of at least two unsecured debts and proof that there is a household income to rely on. You have to sign up for a plan next and most people will see that collector harassment stops at this point. Next, your creditors will all be notified send all of their letters to the settlement service. The settlement company representative will negotiate with the creditors to reduce the amount owed to each creditor and it will be done by the settler.

If you search online for debt settlement companies they are available and many of them come with proven track records. They have developed relationships with creditors who trust their programs to operate honestly and fairly. Many of us will get reductions of up to 60 percent of their total debt. Be careful though, there are also many sharks out there who are more than willing to take your money and then vanish!

Need more information or help? Why not contact one of our Christian counselors using the form on the right for some FREE debt and bill consolidation advice. They will help you to get debt free and lower your payments today without having to risk your home.