Can you settle your debt on your own?

Yes, anyone can try to settle their own debt, however the settlement process is usually very emotional  and time consuming.   Creditors deal with thousands of people who are in financial difficulty every day and have a vast array of sophisticated (and some rather blunt) methods of intimidating you into financial arrangements you cannot keep.  Most people don’t have the time or expertise to deal with this and turn to a credit card debt settlement company to negotiate their debt.  Debt negotiators are experienced people who earn their livelihood doing that particular kind of work.   A debt settlement company can potentially save you thousands of dollars and free you from a considerable amount of stress.