In addition to the convenience of a credit card, companies often offer special rewards and incentives for using their card. Things like air miles, cash back, or points in their gift mall may seem like a good deal, until you consider that studies have shown that people who use reward cards…
By contrast, debt settlement and debt negotiation are typically offered by for-profit companies. They deal with the credit card companies, look at your budget, and come up with a monthly payment that will be applied to each of the debts you have listed in the debt management program.
Some consumer credit counseling services may offer debt management and/or debt settlement. Some will also offer bankruptcy counseling.