From the last few years, as the call of debt settlement is continuously increasing, banks and other creditor companies are not much concerned with and don't like the involvement of the debt settlement companies.
Although the procedure is not much complicated many of the debtors feel absurd to involve in such negotiation.
One of the most certain reason behind this is the bluffing of such companies with the debtors as well as with the creditor company.
Many have found legally permitting the creditor away from the debtor.
On the other hand we also found that some of the debt settlement companies cheated their clients by assuring on filling the case but on the other hand they negotiated with the creditors on weak terms and eventually ended up with a certain failure and if luckily debtor found some good money in his account to payback, he paid the money lump sum.
Another aspect is the additional burden of settlement company process charges and fee till the process ends and as mentioned above the process goes over couple of years and cost you an additional amount than your debt with no apparent good reason.
Although there are many companies which are providing debt settlement program, one should know that there are also those who are providing debt settlement process for free.
These are the companies affiliated to work for the betterment and financial reunion of the candidates.
They provide their help for free so that their clients a free debt settlement.
But as they cost nothing to you there is also a point to keep in mind that rather than paid companies, these organizations are only able to cut short your debts with a slight decrease in debt repayment.
It is you how entitled to chose what is best for you and to relief your debt.