Debt Do-It-Yourself Agreement. N of the Agency. No charge.

Debt Do-It-Yourself Agreement. N of the Agency. No charge. 
Kenny Golde "The Do-It-Yourself rescue" gives readers advice and insider secrets on how to call their banks and established their credit card debt for pennies on the dollar. And it works. Readers have collectively resolved nearly a million dollars in debt.

Although millions of Americans chose to file for bankruptcy each year, this option should be reserved as the last resort for cases where the financial situation is so serious that other debt elimination solutions have been exhausted. Bankruptcy is an important spot in a credit report, which lasted more than 10 years. Any credit you may be able to acquire at that age, will undoubtedly be a very high interest rate once again put in a situation of increasing debt.

Any money saved will be treated as income for tax purposes. So you have to pay taxes. In most cases this is still much lower than the amount that would have paid to principal and interest, so you'll probably still end up ahead. However, another factor into account when deciding whether or not settlement is right for you. 

Debt settlement can help you out of debt completely. As with any financial decision, there are advantages and disadvantages. Be sure to consider both before making your decision. But what debt relief option you choose, be sure to get a plan, research any company or person you choose to work and then, most importantly, take action!