Do It Yourself Debt Settlement & Relief - Settle Your Own Credit Card Debt

Are you about to miss payments on your credit cards and trying to figure out what to do? Let’s be clear - Debt settlement is the most effective way to resolve serious debt problems without bankruptcy. In many cases you can reduce your credit card debt by 60% or more, saving yourself thousands off your balances and thousands more in interest charges, helping you become debt free in two to three years.

The real issue is this – is it better to do-it-yourself or to hire a company?

If you are experiencing debt problems and are committed to be wiser with money, then you will not only will you choose debt settlement, but you will choose to save thousands of dollars in fees by doing-it-yourself!

Although SettleOnYourOwn.com is a company dedicated to providing the training, tools, and resources for you to negotiate your credit card debts yourself, we are not going to pretend that this route is definitely for you. The reason is simple - you must take the time to learn how to do it in order to achieve results, and frankly, not everyone is committed to doing what it takes. Make no mistake about it though – if you are willing to learn and be self-disciplined, you can achieve results as good or better than those of a professional.

The best thing you can do is take action NOW, and he first step is to learn how debt settlement works!


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Certainly do-it-yourself debt settlement is not for everyone. Then again, nothing is and for a lot of people, it’s a great fit. The purpose of this article is to detail some of the factors that one should consider when determining whether the self-debt negotiation avenue is the proper course of action for you.

Who should do it on their own . . .

The biggest advantage of getting a debt consolidation loan over settling your debts is the fact that your credit is never impacted. Another significant advantage is the fact that the interest from loans consolidated against the equity in your home is tax-deductible. That means the true cost of the loan is ultimately reduced by whatever tax savings you are able to realize.

Debt consolidation loans vs. debt-settlement . . .

Another major problem with Chapter 7 is you may not qualify. Since the bankruptcy laws changed in 2005, people who earn more than the median income in their state may instead be forced into Chapter 13 bankruptcy.

Chapter 7 bankruptcy vs. debt-settlement . . .