Unless you were born into money, one way or another you get into debt. For most of the people it’s manageable debt – revolving accounts (also known as credit cards), small and big loans (also known as car financing and mortgage). But the whole bunch of people are suffering from unmanageable debt (the one that leads to bankruptcy). For some people the thought of debt is so heavy they don’t even do anything about it. Others become refugee entrepreneurs, escaping from debt into running their own business.
Debt Negotiation, debt consolidation and debt help are considered lesser evil. They don’t usually pay your debt for you, but they refer you to services that may help. How it works for them is that they either buy your debt from your creditors for less then amount you owe thus making a profit. Alternatively, they negotiate easier repayment terms under the assumption that bank has high chance of not seeing their money anyway.
Any debt is like a swamp – you better off not get into it, but if you got yourself in there – get out as fast as you can.