When trying to decide whether debt settlement is the right option or not, keep one thing in mind; not all kinds of debt can be settled. For our purpose, there are two general categories of debt that we will look at, unsecured and secured. An unsecured debt is one accumulated without any physical collateral being at stake. This includes:
- medical bills
- credit cards
- department store cards
- personal loans
- student loans
- bounced checks
