Personal debt settlement software is a tool that some people use to help them manage their own debt repayment strategy. The top two reasons why people choose to use debt settlement software are to save money and maintain privacy. Being in overwhelming debt can be incredibly embarrassing to some people, and they balk at the idea of hiring a stranger to learn the depths of their financial woes. Saving money at such a time is attractive as well and it may seem like the extra time it takes to learn to use the software is the "right" thing to do because any money saved is potentially money that can be used to pay down debt.
Privacy and low cost are the top pros for debt settlement software, but there are at least as many reasons to think twice before investing in this software:
When you are deep in debt and inexpensive fix may seem attractive, but you need to analyze the true cost of what the software can't do for you. There are many legitimate, reputable debt settlement firms who can help you assess your actual financial situation and map out a strategy for you work out your debt obligations.