In the past few years, the number of people that are considering filing for bankruptcy as their last resort has increased significantly due to the last economy crisis and housing turmoil. But the thing with bankruptcy is it does not always give you the best solution. If you file for bankruptcy, you have a chance to lose your valuable assets, even losing your business. Plus, the decision of how much money you will have to pay pack to the creditors is decided by the courts, not by you. In addition, if you file for chapter 13, it will remain on your credit history for 7 years, while for chapter 7, it lasts for 10 years.
So what if you want to have a say on the amount of money you should pay your creditors? Then you may need debt settlement service. If you wish to negotiate your debt to your credit card companies, a credit card debt settlement service would connect you with reliable company which will help negotiate your debt with the creditor on your behalf. As a result, your debt will be reduced significantly and your creditor will get some money and both parties are satisfied. So instead of paying hundreds to thousands of dollars for minimums, you can settle your debts and immediately manage your finances once your debts have been paid off.