Depending on your time, patience, perseverance, and complexity of your case, you can successfully settle your own debts.

In many cases, not all, consumers can settle their debts for less than owed on their own. This usually only applies to accounts that have already been charged off by the original creditor and are now with a third party debt collector. It's not uncommon for consumers to settle these smaller debt balances for 30 to 50% of the balance. This usually only applies to smaller debts from $250 to $1000. This is because most debt collectors want something rather than nothing - and they're not going to bother spending the time and money to try to sue because it just doesn't make financial sense for small debts. However, credit card issuers, banks, and debt collection agencies can make a negotiation process for very large debts extremely difficult. That's because they know they have a legal right to sue and collect the entire amount if they are within the Statute of Limitations.

It is a well known fact that for people that try to negotiate a large debt balance on their own, often will find themselves with just a reduced interest rate, an increased interest rate (because you're now high risk for asking for help), or in court fighting a law suit with an over zealous debt collector.

Don't let the misinformation highway ruin your financial future

There is a lot of information to be found on the internet regarding do-it-yourself debt settlement. And unfortunately, much of this information is produced by individuals with very little or no experience on debt negotiation. Much of the information you find on websites that attempts to give debt advice may be nothing more than unprofessional opinion. Many of these sites are established to rank in search results. Their rouse is that if a web surfer clicks on their site, and then in turn, clicks on one of their ads, they receive a commission.

Trying to advise people that are in substantial credit card debt to navigate through a complex debt settlement procedure on their own (with greedy and unscrupulous financial institutions) armed with poor information is dangerous to a consumer's financial future. Put simply, legally reducing a principal balance for large debt amounts is sophisticated, regardless if the debt is in collections or not. You just can't call a creditor and make an offer to pay 50% and they'll oblige you.

Even most non-attorney debt relief agencies have a very difficult time negotiating with creditors and debt collectors - and in many cases, fail to provide competent service altogether. Needless to say, it's much easier said than done.

You want a successful and trouble free settlement

Put simply, there are specific legal strategies required to perform debt negotiation appropriately, and be successful. That's why most consumers with high debt amounts ($20,000+) that have done extensive research on debt companies elect not to represent themselves and hire qualified attorney debt negotiators. Hiring attorneys who specialize in volume debt negotiations will simply give you the best chance for a successful and trouble free settlement.

But by all means, if you believe you can do it, make sure you are armed with a wealth of negotiating and legal knowledge. If you attempt debt settlement on your own and don't succeed, hire a professional negotiator to do it for you.

The program offered at Consumer Debt Law Services is not your typical "get out of debt" service. This service employs highly skilled and experienced attorneys that use legal techniques to renegotiate the contracts with your creditors. The attorneys boast the highest success rate in the industry for safe and aggressive debt reductions.

This service is not related to credit counseling, bankruptcy, nor debt consolidation loans.