Be cautious of false promises that seem too good to be true when you are checking into debt solutions. Often fraudulent services and businesses will advertise that they can completely eliminate your debt through debt negotiation and arbitration. The truth is that bankruptcy is the only way to erase debt. Debt arbitration means that each party in a matter has representation and that a neutral party presides and provides a decision with which the parties must abide. There is no guarantee that a creditor will erase a debt, in fact, it’s doubtful. If they can get even a portion of the money owed, they will. Debt negotiation and arbitration is a viable financial solution, but be careful to make a wise decision on your representative or service provider.