Which Debt Settlement Company Do You Recommend? – Laura

“Dear Steve,

Basically I have debt, a lot of it. My spouse and I are working, however, he was laid off and took another job where he made substantially less than he was making. Through the course of the past year, expenses have risen and our income decreased. Our savings is about depleted and I am considering debt settlement, but not to sure where to turn or who to trust.

Which debt settlement company out there do you recommend? I have seen a company called Clear One Advantage and Care One. Any advice regarding this two? And basically where does one turn for assistance when things get unmanageable? Is it possible to negotiate myself with my credit card companies?


Dear Laura,

Well if you click here for debt settlement information you will find companies I trust. And yes, it is possible for you to negotiate directly with the credit card companies yourself. But before we jump to the solution let’s back up and look at the situation with a wider view.

I sense you are naturally reacting to the stress of not being able to make ends meet. However, it would be an utter mistake to not take immediate action to stop spending down your savings. Without a plan in place all that will happen is you’ll be out of savings and not out of debt.

In your exploration for solutions I think you must also consider another solution you have not mentioned yet, bankruptcy. Bankruptcy is not shameful, and it is the only legally binding debt relief solution that allows you a chance at a fresh start to move forward within your current income.

The logical path here is for you to first face forward and prepare to meet tomorrow in a more financially sound way with an increasing savings account and the ability to live your life within your income.

I’m going to give you some home work and then I want you to come back and update me in the comments with what you discover.

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  1. Talk to these debt settlement companies.
  2. Click here to find a local bankruptcy attorney and talk to them.

Once you are armed with that information we can then make the best and most informed decisions to get you on a plan to move forward in a healthy way.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

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Damon Day - Pro Debt Coach

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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