Would you like to settle your debts at a reduced rate, maybe even half of what you owe? That is a possibility for some who are sinking in debt and unable to find an answer. For them, that answer may be debt settlement solutions in which they enlist a debt settlement company to negotiate with creditors with which they are at least 3 payments overdue. This is a drastic solution, and while it doesn't do the damage to your credit record that bankruptcy does, it will leave some marks that will show for a while. The good news is that you can settle your debts, without paying high interest rates, and begin to rebuild your financial health within just a few years. It will take hard work on your part, and a reliable debt settlement company that doesn't charge outrageous fees and will manage your agreement until completion. But it can be done, and has saved the credit life of many credit card holders in these difficult financial times. Just make sure your debt settlement company is endorsed by the United States Organizations for Bankruptcy Alternatives (USOBA).