For consumers who feel overwhelmed with debt and are having difficulty meeting all of their monthly obligations, the options available to work their way out of their situation may seem to be severely limited. Debt reduction programs offer one solution, but it is important to consider both the advantages and disadvantages of this approach before signing a contract with a debt reduction provider. Often, the credit implications of participating in a debt reduction program can be profound, severe, and long lasting. If you opt to work with a for-profit debt settlement company, the overall level of assistance that you will receive may not be sufficient to help you improve your financial situation, according to many of the top personal finance experts. On the other hand, if you seek out an established non-profit credit counseling service, you may stand a much better chance of triumphing over your unsecured debt once and for all. Before you make a decision, be sure to check with your local Better Business Bureau to determine whether the provider you are considering has amassed a record of complaints and dissatisfied customers.