ABC News Reports: Consumers Can Settle Their Debt - For Themselves

There used to be about 20 debt settlement companies in the United States. There are now closer to 2,000. Debt Settlement Companies skyrocketed after federal law changed, making it harder to qualify for bankruptcy.

But many Consumers have had success approaching their credit card companies themselves and offering settlements for less than the total amount they owe.

There are signs that more credit card companies are accepting these offers in this recession economy in order to get something now rather than nothing later.

For more on this ABC News Report click here: Credit Solutions of America's Clients Say Debt Grew Under Company's Guidance - ABC News