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Knowledgebase Home | Favorites | Forum Welcome to our knowledge base. To find what you're after, use the search box below or choose a category to view listed articles. Search the Knowledgebase Browse by Category [Advanced Search] -- Select Category -- Credit MythbustersLoans    - Personal Loans    - Auto Loans    - Home Loans    - Student LoansCredit CardsCredit Reports and ScoresCredit Report CardIdentity TheftDebt HelpConsumer Law Guide    - College Cost Reduction and Access Act    - Credit Card Accountability Responsibility and Disclosure Act (CARD Act)     - Credit Repair Organizations Act (CROA)    - Equal Credit Opportunity Act (ECOA)    - Fair and Accurate Credit Transactions Act (FACTA)    - Fair Credit Reporting Act (FCRA)    - Fair Debt Collection Practices Act    - Overdraft Rules for Debit and ATM CardsCustomer Support The article has been updated successfully. Knowledgebase Home > Debt Help Are debt reduction services good? Article Details Last Updated 4th of November, 2009 Would you like to... Discuss Print this page Email this page Post a comment Subscribe me Add to favorites Remove Highlighting Edit this Article Quick Edit Export to PDF User Opinions (2 votes) 50% 50% How would you rate this answer? Helpful Not helpful Help us improve. Why was this unhelpful? Thank you for rating this answer. Debt reduction services can be effective, but they usually cost money. As an alternative, with a little education and prior planning, it may be possible to reduce your debts on your own. If you have a smaller amount of debt, why pay debt counselors and settlement agencies fees for things you can do yourself? The steps involved in debt reduction are: Evaluating your debts, including ordering your credit reports Looking carefully at your budget Making a plan Starting negotiations Following through. Additionally, if you want the assistance of a credit professional, Credit.com can help you find the right debt solution for your situation. You can also get free debt consolidation and talk to a debt expert today! Related Articles What is debt settlement? In regards to student loans, what rights does the College Cost Reduction and Access Act give me? Is it a good idea to settle debts that are in collections for less than I owe, knowing that the settlements will hurt my credit scores? What is debt counseling? If I don’t plan to make any big purchases (i.e. house, car) in the next seven years and I clean up my credit during that time, does it really matter that I currently have bad credit? Continue