Currently my husband and I are looking into debt settlement companies. Credit Solutions is the company name. Does anyone know much about this company? With any debt settlement company it seems you stop paying creditors, and save an determined amount of money a month. Once you have at least 40% of one of the debts, a settlement will be negotiated. In the mean time, the creditors will be reporting non-payment to the credit bureaus. Obviously this will hurt your credit, but how long does that stay on your credit report?