Making sure that you are making the right decision when choosing a settlement is up to you and only you can judge that if you are informed enough.
It's very important to make sure that you are eligible first and to be eligible you need to have ten thousand dollars of debt.
The debt must be unsecured like credit card debt or student loans.
Only unsecured debt will get you in a debt settlement deal.
The next step is to find a good company that will make the negotiations.
If you have a friend that went through debt settlement you can ask him or her about the company they hired.
If you don't have a clue where to get started with this, you can go on a Debt Relief Network.
The good thing about it is that you will also get a lot of information about the debt.
Don't annoy your creditor just before you get into a settlement by not paying for a few months.
Many people do this, but it's not a good decision.
You can be late a little to make sure that he knows you are having problems with your money, but not paying at all is a very wrong decision because they can sue you.
When you sign the contract for a loan you sign to pay that loan no matter what happens and if you don't pay it you can get sued easily.
The next step is to inform the creditor that you decided to go for settlement and establish a meeting with him and the debt settlement company.
In that meeting everything will happen, the negotiations.
The better the meeting goes, the higher are your chances to get a better deal, so make sure that you are polite and don't threaten your creditor in any way.
Sometimes people go a bit over the edge when the creditor tells them that they don't want to negotiate at the beginning.
You should remain calm and your situation will improve as long as your negotiator is a professional.