Debt settlement is a legal process where the creditor and debtor agree on a reduced balance that, once settled, causes the delinquent account to be regarded as settled in full. Debt Help Lawyers, well versed in the debt and credit industry, can be your first step towards resolving both short-term financial emergencies and long-term financial problems. Most kinds of consumer debts are eligible for settlement, including credit cards, department store cards, personal loans, medical bills, and accounts with collection agencies. Moreover, consumers from all walks of life may qualify for debt settlement. And if debt settlement isn’t right for you, LawCent® attorneys can help you explore how a chapter 7 bankruptcy (cancels your debts) or Chapter 13 bankruptcy (negotiates a repayment plan) can help you start again.