If the debt settlement plans advertised on late-night television have caught your interest and you are considering entering into a business relationship with one of these firms, it is important to carefully consider the implications of your actions before making a final decision. Consumers should be aware that the debt settlement industry has been the target of a number of fraud investigations, class action suits, and customer complaints in virtually every state where these companies are permitted to do business. Furthermore, a growing number of credit card companies and financial institutions have recently begun refusing to negotiate with third-party debt settlement companies, making it unlikely that they will be able to successfully negotiate a settlement on your behalf. If you are interested in pursuing a debt settlement with your creditors, undertake the process on your own behalf or seek out the services of a qualified debt settlement attorney in your area.