People just get tripped with various definitions but the bottom line is always the same: you are borrowing money from someone to pay your debt for you then you pay the new people at a reduced interest rate.
The CLEVER way of doing this is alway to get a 12 months FREE interest card to pay a big chunk of your debt for which you’ll pay NO INTEREST for 12 months (sorry if I repeated myself but hey).

Then you pay off as much as you can from your wages, learning to save money here and there, much like all those people out there who manage perfectly well on half the money you earn.
Sell the car and use public transport, cook your own food, drink water and generally don’t buy anything you DO NOT NEED.

That is DEBT SETTLEMENT, not debt management.

Debt settlement negotiates your balances not your interest rates.

CCCS negotuiates your interest rates.

Your accounts will have to go to collections before they will even consider settling.

Here is a good article that explains the differences and pros and cons:

Weigh your options:

If I were you, I would just bite the bullet, lower your standards of living (lifestyle) and avoid anything resembling debt management or bvankruptcy.

If you dont want to I suggest stop paying your accounts and calling this company in about 6 months:

You must understand that not paying your creditors will affect your credit and you can be sued.

Good luck. Your gonna need it!

Give as little as possible to the sudent loan..that usually has the lowest interest rates.

Multiple credit cards? Pay more to the one with the higest interest rate

Look for a company that will offer you a good blanace transfer rate. Sometimes you can get as little as 0 percent for up to a year.

Stop using the credit card!

Look for this book am barnes and noble or something “Money Made Simple” Some great strategies for getting finically straight.

CUT UP THE CARDS OR YOU WILL NEVER GET OUT OF THE HOLE!

Run through your monthly spendings…see where you are wasitng money every month and stop. Yo don’t need sushi once a week

GOOD LUCK

SPEND LESS THAN YOU MAKE!

Stay away from Debt Management!!!!! That is worse than bankruptcy. Getting a debt management service says to all creditors that you cannot manage money.

Best thing to do is get a second job and start paying off and canceling those cards one at a time. Make th minimum payments, but take the smallest debt first and conquer it.

With working a second job, maybe you can also control your spending. Also, make out a budget and live by it.

Good luck.

We had to use a management company once and it worked out well…you give them a certain amount and they in turn pay a little to each bill until it is paid…they take an amount as a fee naturally, but for us it worked…..

I’ve used a debt management program from CareOne Credit. It was the best thing I’ve ever done. They worked with my creditors, reduced my interest rates and consolidated all of my debt so I only had to make a single monthly payment. I was able to pay down about $10,000 in debt in three years. It helped me become disciplined about managing my bills and credit and forced me to stop using credit cards.