Debt Relief is a big topic of discussion in our office lately.  It seems that everyone is having some kind of debt problem.  The economy has slowed down so much that our sales are down.  Since our sales are down, our paychecks are smaller.  Many of us have gotten used to a standard of living that our current paychecks won’t support anymore.  So we have been commiserating and talking about different debt management options.

We found a website called freedeomdebtrelief.com that we have been reading to learn about the different types of debt management.  It explains the pros and cons of credit counseling, making minimum payments, debt consolidation, bankruptcy and debt negotiation.  This company suggests that debt negotiation is the best way to get out of debt quickly because part of the negotiation process is to get the creditors to agree to take less money in order to settle the account.

They offer a free ten minute consultation to consumers to see if the consumer qualifies for a debt negotiation program.  The program sounds like a good one but I do have to wonder how many consumers can actually save up the amount of money required to do the debt negotiation lump sum payment that is part of the process.  I guess that is something each consumer would have to decide for themselves.