Debt
Settlement is essentially
easy
to qualify for should you be having a legitimate financial
hardship and want to avoid bankruptcy.
First,
you need to make the decision that you want to settle
your debts for less than owed. The service requires
you to withhold payment to creditors and therefore
will have a negative impact on your credit score.
Keep in mind, debt settlement is a bankruptcy avoidance
strategy. The service requires a long term commitment
and can last for several years.
Second,
you must have at least $25,000 in unsecured debt
and feel you can no longer afford to make the minimum
payments to your creditors each month as well as pay
necessary living expenses. You must feel that you
have a legitimate financial hardship and need help.
Unsecured debt consists of credit card bills, personal
loans, signature loans, and most accounts in collections.
See types of
debt accepted.
Thirdly,
you must have some income and be able to afford the
monthly escrow payments for the term of the program.
These escrow payments are ultimately used to pay for
the attorney services rendered as well as the creditors
once a settlement has been reached. The monthly payment
and program term is based on the amount of money you
can afford monthly.
Evaluate the 
