Is debt settlement right for me?

When you owe a large amount of money to an individual creditor, it often feels like you will be paying them back for the better part of your life.  I sure most people have heard about debt settlement and wondered if it could work in your situation.  Basically, credit card debt settlement involves a credit negotiator to negotiate with your creditor to accept a smaller amount of the total debt as payment in full.  Depending on the type of debt and the particular creditor, this may work for you.  However, be aware that usually when you negotiate a smaller payment, you need to have the money available to pay right away.