Of course you would not feel comfortable if debt collectors continue to search for you. You become dizzy, you can not sleep soundly. But usually, creditors will do debt settlement if you stop payment. Debt settlement is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full. That is a good time to resolve your credit problems.
Indeed there are advantages and disadvantages of debt settlement, so before you do it, you should think about it carefully so your problem can be truly finished.
