Negotiating with collection agencies will definitely help you to get rid of your unsecured debts. This will simply eliminate quite 50% of your debt that you have and in case you bargained while using creditor for the best deal, you may get up to 70% relief. But one very important thing is to stay in mind. If for example the forgiven debt is a bit more than $600, it will be counted as your taxable income. This is because the fact that the amount of money that you save is actually which were suppo...