There are literally hundreds of articles on the Internet that talk about how easy it is to settle your debt for pennies on the dollar.  The truth is pretty much anything can be done yourself if you have enough know how, time and resources.  To be successful at something as tough as debt settlement you really need to become an expert at it.

Settling debt is not a fast or stress free event.   You need plenty of patience and because policies can vary so widely from creditor to creditor you really do need to know what you are doing.

When settling debts you are dealing with bill collectors, the two most common problems we have seen when people try to settle their own debts are:

1)      Being stumped and spinning their wheels.

2)      People pay what they think is a settlement, but the debt is still owed.

There was one debtor I personally donated a considerable amount of my time to from a Canadian chat forum, he had an extremely frustrating time settling his own debt; it took him over two years and during that time he sent me over 450 private messages seeking my advice.

You can get an idea from this screen capture from my inbox below the sort of frustration he faced, and in my opinion even though his name reflected a simple guy, he already knew quite a bit more then the "average joe” out there: