There are different reasons why people get into debt. Just all of a sudden you realize that you just can not make your payments. Bills and credit card statements drive you crazy and it seems that you will never get out of this trap yourself. This is when debt negotiators step in.
If you get online you will find a dozen of credit negotiation companies. They promise to help you with your unsecured debts through negotiating with banks.
Some of them claim to be nonprofit organizations that simply work to help those in need. They tell you that they will be able to reduce your debt by 10-50%. All you need to do is to open a credit card debt negotiation account (for a small fee, of course). Then they might suggest you make only partial payments or stop making your payments to the bank and give money to them instead. Because the process of debt negotiation is not a very easy one you will be asked to wait for about six months. They promise that all the negative information will be removed from your credit report afterwards. And, of course, credit negotiation will not have a negative affect on your credit history.
The truth is that those debt negotiation...