For many consumers debt settlement is a viable option to get out of debt. Debt settlement programs negotiate the balance of consumer accounts down while encouraging consumers to build up funds to resolve debts for less than the full amount.

Through negotiation, settlements can be as low as twenty percent of the balance owed and in some cases will be spread out over multiple payments. Debt settlement is not for everyone though. If you have some sort of financial hardship, loss of income, medical related expenses, an illness or death and are unable to meet your monthly obligations, debt settlement can free up the cash flow you need to prevent foreclosure and repossession.

If you are feeling the crunch and are falling behind on your bills because of unsecured debts, or have old outstanding debts that need to be resolved, TDS can help. Contact one of our debt analysts today for a free consultation.