Most consumer credit counseling firm's claim non-profit status and pretend to be independent. But in fact, these non-profits are funded and supported by the very people you owe money to: the credit card companies. This is why consumer credit counseling companies do not negotiate your debts down: They merely try to come up with a plan to make sure you keep paying your credit card bills every single month. They want to force consumers to pay as much money as possible to the creditors.

Sure, they may help lower your interest rate a few points or eliminate a late payment or two, but the credit card companies are happy to do this when they know you are going to keep making payments that can be negotiated to a fraction with Debt settlement.

Additionally, since you are repaying 100% of your debt balance plus interest charges (even after they are reduced by consumer credit counseling), you could be in a consumer credit counseling program for 5 years! Compare that to 2-3 years for Debt settlement.

Debt settlement is a great alternative to Bankruptcy. With debt settlement's you are protected from Bankruptcy and your dents are reduced. Additionally creditors accept our Debt settlement amounts as payments in full, thus avoiding the longer-term financial, emotional, and social impacts of a Bankruptcy.