Getting out of debt is an important goal. Some people simply forget to pay debts and the debts accumulate with interest. Several other persons who make default in paying debts and bills, fail to contact their creditors and talk with them to resolve the issue by extending the repayment period or postponing the same by few months. One time settlement wherein the creditors settle for an amount less than the amount due is also an option which should be explored. Many people don't understand that the consequences of not paying bills may be really serious. It may affect one's Credit rating very seriously, which may have long term consequences. In case, the creditors entrust the recovery of debts to collection agents, the position may become really nasty. Sometimes, large over dues may force debt