Turning to debt negotiation is a great consolidation alternative when your monthly expenses have gotten out of control. This is a process recommended for individuals who have fallen behind on their payments because they just don’t have enough income on a monthly basis to cover them all. This is one smart way for you to lower your monthly payments, yet still accept responsibility for the debt you have accumulated. Debt negotiation generally involves working with a for-profit or a non-profit organization. They will sit down with you to evaluate your debt situation, bad credit or good credit does not matter. You will be required to bring in current statements for all of your monthly bills as well as your monthly income.