Choosing a Company

Choosing A Company To Settle Your Debts

All programs are clearly not the same. What kind of support is available to you through the process of resolving your debt? What methods of communication are available? What happens AFTER the debt is resolved?

This is a critical decision for you. Many companies are springing up who offer debt settlement and counseling services. We have prepared a list of questions to ask before making a choice to move forward. Do your homework and trust your instincts.??Here are things to look for:

Do they have a long track record in business? (3+ years is good) 
Are they up front with the fees for service? Let's face it, companies can't do this work for nothing. It's a question of value. Find out what they charge, when you pay and what you'll receive in return.

Do they make guarantees about how much will be settled? If they do, that's a potential problem. Every personal situation is different and settlements will vary, sometimes widely. A company should be up front and tell you that your settlement will have a range and depend upon your complete personal situation.

Ask how you will receive updates about your account including what creditor communication takes place and when settlements are made. You should have access to your account information 24/7.

Do they provide consumer debt education? Can they help teach you how to get debt free and manage money better?

Do they provide ongoing support? Who would you call for questions? Who would you talk to if you are sued?

Does the company have a physical location you can visit? Many debt settlement companies are small and working out of their homes. Your information might not be protected so it could fall into the wrong hands.  We have secure systems to protect your data.

Do they have a paperless system to further protect your data? Many small debt settlement startups will have your personal file information scattered all over the office and viewable to everyone that walks by. Our company keeps all of your information electronically secure and protected in our secure servers off site.

Does the management company use a third party trust or escrow account to manage your settlement funds or have that internally? This is important. Many small companies can’t manage the entire process so they subcontract that part out and now you’re dealing with an extra company. Stay away from those.

So choose wisely. Do your homework and know where your money is going.