What most of the debt relief companies are telling their future clients is to stop paying their bills for several months. When your bills are so far behind the debt Relief Company enters the picture and negotiate with your creditors to reduce your debt. The strategy of the debt Relief Company is that your creditors will settle for pennies on the dollar because they are fearful that you are about to go belly up. 

In exchange for their services the Debt Relief Company will charge you a large fee which you are willing to pay since you aren’t paying your bills. What the debt Relief Company fails to tell the client is that the creditor can still sue you and possibly garnish your wages if you fail to pay your debt. In most cases the Debt Relief Company requires their fee up front. If you are not careful you will most likely get suckered. 

The promises from these scoundrels are incredibly alluring to people caught in the quicksand of being in too much consumer debt, and who will believe anything to get out of that quicksand of debt. Don’t fall for the tricks of these dirty scoundrels. Don’t pay them for what you can do yourself. 

You can negotiate lower interest rates and stretch out your repayment schedule. You can also negotiate with your creditors to pay off the highest interest card first. Try this plan: 

Call all of your creditors and let them know that you are considering using a debt relief company to pay off your credit cards. In a few seconds they will offer you a great deal, 

 In the words of my dad, “You must honor the chair whether it is sitting, walking or lying down.”