Falling into the debt trap is easy; but coming out of it isn’t. Life can become difficult when the monthly income is not adequate enough to cover the living expenses as well as the EMIs that need to be paid on the various loans. But there is a way to get things under control and maybe even become debt-free as soon as possible – debt settlement. Debt settlement is a method of combining all debts and turning them into one single debt. The borrower here would be making one monthly payment instead of multiple ones. Also, this one single payment would be much lower than the sum total of all monthly payments the borrower may have been making till now. Debt settlement services are available in plenty. Some may even contact the borrowers directly via debt settlement live transfers leads, so as to enjoy a competitive edge in the market. However, before rushing into things, it is important to understand a few dos and don’ts about debt settlement. The Dos To check with the credit counselo...