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hi Iamp;#39;m Jeanette pavani and this is market watch and learn companies that offer to work with creditors to settle your debts known as debt settlement companies can seem like a great idea if you find yourself in a mess Oh too much on your credit cards or just have too much unsecured debt in theory you escape for less than you owe the creditors get more than expected and the settlement company will they get fees to stay in business itamp;#39;s a solution thatamp;#39;s right for some people in some situations but not everybody and there are plenty of things you should know before you get into a relationship with a debt settlement company first itamp;#39;s not for the faint of heart youamp;#39;ll be entering into a game of chicken because youamp;#39;ll be told to stop paying anything to your creditors and instead pay whatever you can into an escrow account that is a sort of savings account once thereamp;#39;s enough in that escrow account to make an offer to your creditors the