Well,
the trick is, you have to make creditors believe that you're in
financial hardship. Give some excuses like medical emergencies or income
loss. You can also hire a debt settlement company to do the negotiation
part. They are good at negotiations. Just remember, your credit score
will drop if you settle some of your debts. What is your credit score?

You
need to meet your creditors in person to describe your financial
hardship. You should be honest in describing your poor financial
situation for this you couldn't make the monthly payments. They may
believe in you and approach for a better
solution.

By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.

Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.

Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.

Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.

The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.