Yes, it is possible, but the companies that advertise their debt negotiation services on the television, radio and newspapers, rarely get settlements of 50%. These debt negotiation companies know that, in most states, credit card companies can sue you, obtain a judgment against you in court, and collect 100% of the debt by liening your property, levying your bank accounts, and garnishing your wages. But they don�t tell you this!

They also do not reveal this simple truth . . . as long as collectors are allowed to harass you, they are unlikely to offer significant discounts on your debt with them. They realize the majority of people give in to harassment by satisfying their debt.

But what if credit card companies were unable to collect from you by levying your bank accounts, liening their properties, or garnishing your wages. And they were no longer allowed to harass you. Now, would they be willing to take a reduced amount from you? Their choice would be � receiving 50% of the debt, or nothing at all. Which are they going to choose?

It has been my experience (10 years) that of the thousands of debt negotiation companies, only two are willing to educate their clients as to the realities of debt negotiation spoken in this discourse.

A few words of advice. Concerning asset protection - stay away from back dating documents, hiding assets off-shore or in trusts, transferring properties to other people, or any other strategies that are not lawful.

NOTE: This author is not suggesting you protect assets from government authorities or put yourself in a position to restrict the payment of child support.

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