Finding a debt relief company can be a challenging task. Fortunately, there are some things you can do to help you get on the right track. You can research the different types of companies and find the one that best fits your needs. You can also hire someone to handle the grunt work for you, but it’s best to choose a company that has a proven track record for success. The best companies are able to do all the heavy lifting while still protecting your money and credit.
The first thing to remember is to be cautious. Even though debt settlement companies are now more legitimate than before, there are still a few rogue companies out there. As with any other industry, there are a few red flags you should look for before hiring a debt settlement company. Always ask a company to answer your questions and do not hesitate to call them if you have any concerns. Additionally, do not pay any fees to a debt relief company before settling your debt. The FTC prohibits debt settlement companies from charging fees before settling your debt.
Make sure to ask your debt relief company if they negotiate with all your creditors. If they do not, they may only return your deposit minus account maintenance fees, leaving you with missed payments on your credit. Some companies may even turn over your accounts to collection agencies or lawsuits. If you hire a debt relief company that doesn’t do this, you’ll be left with unpaid bills and no way out of them without filing for bankruptcy.
A good debt relief company will offer free consultations. A qualified debt relief expert will review your financial situation and devise a custom-made debt relief plan and budget for you. It will take about 24 to 48 months to complete the process. But if you can wait that long, National Debt Relief may be a great option. The process will affect your credit score, so it’s not a good option for everyone. If you can’t catch up quickly with your payments, consider hiring a debt relief company that helps with your student loans.
The Consumer Financial Protection Bureau regulates debt relief companies and their fees. The Bureau also monitors complaints and updates their tactics to protect consumers. If you are still concerned about a particular company, you can contact the attorney general for your state for more information. The attorneys general for your state can also help you decide if the company is reputable. They can answer your questions about the legitimacy of a particular company. The Bureau of Consumer Financial Protection has updated its tactics to protect consumers from scams and fraudulent companies.
National Debt Relief is one of the top-rated debt settlement companies in the nation. Founded in 2009, it has grown to become one of the largest debt settlement companies in the nation. With accreditation from the American Fair Credit Council and the International Association of Professional Debt Arbitrators, it is one of the most trusted names in debt relief. They provide excellent customer service and have a great track record of settling debt for 30% or less of the total amount owed. Their customer satisfaction is top-notch and they offer a money-back guarantee.
The most common way that a debt relief company works is by negotiating with creditors on your behalf. They work with your creditors on your behalf and negotiate lower debt amounts to make them feel comfortable with settling. The result is usually a debt-free life. If you are worried about the impact of your actions on your credit report, consult a debt settlement company today. They will be able to help you get the best possible deal. You’ll be glad you did. You will be debt-free and able to move forward.
Another great debt relief company is Accredited Debt Relief. Based in San Diego, this company has over 85,000 active clients and has enrolled more than $3 billion in debt since 2011. Its accredited status with the Better Business Bureau shows that it is a reputable company. They work with consumers to reduce their debt by 50% or more. Accredited Debt Relief also offers money-back guarantees and a money-back guarantee. If you’re worried that the debt settlement won’t work, you can cancel the plan. If you’re not satisfied, they will refund your money.
New Era Debt Solutions is another great option for debt relief. They employ attorneys and an account management team dedicated to each client. Their services are completely in-house and never outsourced to untrustworthy firms. Another option is to opt for a bankruptcy settlement. Oftentimes, this will cost you as much as 50% less than the original debt amount. However, debt settlement isn’t the ideal solution for all consumers, but it’s a great option for those who can’t afford bankruptcy or credit card payments.