Debt Settlement Articles Debt Settlement services can help you get out of debt, stop harassing phone calls from creditors and reduce your monthly payments. The purpose of debt settlement is to lower the total amount owed to a creditor. This alone allows the debtor to eliminate the debt more quickly. Debt settlements are negotiated, either between the debtor and creditor or between the debtors contracted professional and the creditor.   Personal Debt Settlement to Fix your Money Woes If you are accumulating enough debt to cause anxiety and sacrificing in order to make mounting monthly payments, try personal debt settlement. Elderly Can Benefit from Debt Settlement Debt settlement is not just for the younger employed consumer. The elderly can benefit from debt settlement in significant and unique ways as well.