If you are in debt then I know how bad things can be because I have been there.

The good news is that there are ways to get yourself out of debt and back into life and help you avoid bankruptcy. However, before you consider debt consolidation there are 3 vital things that you need to know.

1. If you use a debt consolidation loan to pay off your debts because you are paying creditors through a 3rd party it will make it look like a chapter 13 bankruptcy to future lenders and seriously affect you credit score. This will make it much more difficult to get loans or credit in the future.

2. A debt consolidation company will charge a significant monthly fee on top of your existing debts so you will end up paying back even more.

3. You will need to be able to afford to pay at least 2-3% of your total debts per month and if you miss one payment you will be dropped from the plan.

There is another much easier way to get out of your debts and that is known as debt settlement.

With Debt Settlement you choose a specialist debt settlement company to help you. They are experts at negotiating with creditors and are in a position to negotiate excellent discounts on your debts. The debts can be reduced by up to 80%.

Using debt settlement does not affect your credit score and the payment to a debt settlement company for their services can only ever come from the amount of money they are able to save from the total of your debts.

These plans also offer a great deal of flexibility and you as an individual can arrange a monthly amount to pay off that is acceptable for you. Debt settlement will normally get someone debt free in 50 - 70% of the time it takes with a debt consolidation loan.

If you are seriously committed to Get Rid Of Debt then debt settlement has the power to change lives.

Despite this, you must be careful only to use the best debt settlement companies. This will ensure that you can get the most reduction on your debts possible.

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