Are you trying to reduce your debt but aren't sure whether to consolidate or settle? In this article, you'll learn the similarities and differences between Debt Consolidation and Debt Settlement.

If you have high debt, and are in trouble, you have probably heard the term "credit counseling," but do you understand what it is. Oftentimes this term is used in the same sentence as debt negotiation or debt settlement.

If you 've found yourself deep in debt, you may want to consider the option of debt settlement. Debt settlement is a process whereby you negotiate reducing your debt with your creditors so that you can eliminate your debt and the creditors can recover some of their losses.

Do you worry that your finances are completely out of control? If so, read the following article about debt counseling.

A guide to the benefits and disadvantages of different ways one can get out of debt. It discusses consolidation, bankruptcy, and debt relief programs.

Recently passed by Congress, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 will require people who are filing for bankruptcy to first undergo mandatory credit counseling.