This presentation is an overview of the different debt solutions for the average American consumer.

1. Getting Out Of Debt The best Advice Debt Relief

3. What This Means We believe that the number of consumers that are burdened with overwhelming debt will only continue to rise over the next few years. The reasons for this are because of two overwhelming pieces of evidence.

7. Discussion and Debt Settlement The second option involves a discussion and settlement with the lenders that have the ability to lower the amounts due each month or even decrease the interest toward a payment that will allow you to make timely payments. Advantages: eliminating a large portion of your debt Note: Borrowers can attempt to resolve their problems in this fashion on their own; however, a new industry of debt settlement professionals exists that may be better suited to negotiate on your behalf. This relatively new industry is becoming more important as time goes on with the state of our consumer culture. Unfortunately, with the ever growing popularity of this industry, a number of non-credentialed and therefore less respectable firms have cropped up. It is very important for all consumers seeking services from this industry to research each company they are considering doing business with. Disadvantages: Can hurt credit history and future credit opportunities