Debt-related services vary in exactly how they provide debt relief. Some consolidate debt while others negotiate payment plans with creditors. Which services are best for you depends on your specific debt situation. Use this information to find the best debt relief solution for you.

1. Free Debt Help Services - An Overview of What You Should Know
The commercials on the radio and television about quick debt help services claim they can get
you out of debt in no time. But is this really true? What do these debt consolidation services
really do? Most of the advertisements you read or hear are vague on the details. The bottom line
is some debt help services are just better than others. Of course the actual service that’s best for
you may not be best for your neighbor. Debt-related services vary in exactly how they provide
debt relief. Some consolidate debt while others negotiate payment plans with creditors. Which
services are best for you depend on your specific debt situation.
Below are individual debt help services and how they function. Use this information to find the
best debt relief solution for you.
Debt Help Services:
Loans
Getting a loan to pay off your debt is often considered the most ideal way to reduce your
looming debt. A loan allows you to pay your debt all at once. Of course you still need to pay
back the loan, but at least your creditors are taken care of. However, many will say “Why replace
old debt with new debt?” This is a valid point but there are specific types of loans that make it
worthwhile – like a home equity loan. A home equity loan borrows against the equity you’ve
built up in your home. This type of loan is easier to obtain and the interest is usually tax
deductible. Not many loans can offer these benefits. You can often also schedule specific
payment time frames with a home equity loan. By using a home equity loan to pay off your debt,
you’re getting the creditors off your back, protecting your credit, and establishing a more
manageable payment method.
Debt Counseling Services
Not everyone has the luxury of owning a home. And if you’re deep in debt, a home equity loan is
obviously not an option. Deb counseling services work with you to establish a debt management
plan where you send the debt counseling agency payments to payoff your debt each month and
they handle it from there. However, not all debt-counseling services are as honest as they should

2. be. This is where those “Become debt free overnight!” ads originate. Some debt counseling
services make huge claims and big promises. You want to be careful of debt help services that
make these statements. The bigger the claim, the more information you need to get about the
service. You also want to make sure the debt counseling service you select is in good standings
with the Better Business Bureau and affiliated with a national debt counseling organization. This
will ensure that the services you receive are honest and reliable. Debt counseling is a viable
solution to getting your finances back on track, but you do need to be aware of possible frauds.
Debt Negotiation Services
It is possible to negotiate lower payments and total amounts with your creditors. However, it
often requires the help of professional debt negotiation companies. These companies negotiate
the best terms possible with your creditors. Based on the amount you owe and the situation, debt
negotiation services establish payment plans that work within your means and can even negotiate
a low lump-sum payment option. Debt negotiation eliminates the need for getting a debt
consolidation loan and can significantly improve your situation. However, just like with debt
counseling, you need to be careful of who you choose to handle your negotiations. Check the
background of each debt negotiation service before you sign anything.
Debt help services are designed to help you handle your debt and establish a solution to paying
everything off. Each service has its benefits and disadvantages, so be sure to select the service
that benefits you most. For more articles on Free Debt Help Services, visit: Bills.Com