Provide all your debt details to your service provider:
First of all, you have to submit a comprehensive inventory of each and every debt you owe. During this, you have to keep in mind that you will gain nothing by hiding anything from your debt settlement provider.

If there is any kind of suspicion in your mind, then it would be better for you not to employ the service provider. Once you have hired one, then you should make sure that you have provided complete and detailed information so that they can carry forward the procedure accordingly.

You may have missed out any important information, not because you intentionally wanted to hide it but you may have forgotten to tell about it to your service provider. Call you service providers and tell them as soon as you remember that you have missed out some information, even if it is a minor one. Because the debt management service providers are experienced professionals in this field, they may turn even a minute detail to your favor.

Analyze your financial position:
This is done for determining the total amount you will be able to pay to the unsecured lenders. You do not need to worry about whether this amount will be sufficient enough or not. First of all, you will need to identify the maximum amount that you may easily manage to pay. Then, negotiate with your creditors and try to convince them to settle your debts to this amount. The negotiation may or may not succeed, but you should not loose hope and make further arrangements accordingly.

After negotiation with your creditors, you have three figures in front of you ;
the amount that you are able to pay, the amount that you are indebted to pay and the amount your creditors have agreed to accept.

Once your creditors have revised a mutually agreeable repayment plan with your settlement company representatives, you will get information about the progress and your consent will be asked for so that the final agreement can be made. After your consent, final agreement will be drafted and signed and thus, your consumer liabilities will be eliminated with the help of professional debt relief service providers.