NixonLussier369

If you're thinking about utilizing a debt consolidation or debt settlement service to obtain out of debt faster and save money on your monthly premiums, make sure you do your research before picking a company. There are definitely shams and scams available.

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

Debt settlement companies charge hundreds of dollars as an initial "admin fee" to create your account, plus a monthly service fee. The fees vary with respect to the company and the number of the money you owe.

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

That can just take *years* depending on the level of 123 debt soulutions ltd with each creditor. Meanwhile, you can be sued by your creditors as well as your wages can 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 get there! )