Every industry has faced a down slide due to the recession. The debt settlement industry is the only one which has seen a boom. This sudden popularity of debt settlement programs and companies has been caused by the stimulus money poured into the market by the federal government. Debt settlement programs are equally popular with debtors and creditors. This is because the creditors realize that if a debtor is forced to pay the money which he or she does not have, he/she will be forced to file for bankruptcy. This situation will be very detrimental, especially to the lenders who provide unsecured loans like credit card companies.