If you’ve decided to use one of the many debt settlement companies around, you’ll want to ensure you use the right one. There are plenty of bad companies out there that are listed in the Better Business Bureau. Here are things to look for.
1. Proven Track Record
The good thing about established companies is that they already have proof of what they offer to accomplish. These companies would not last as long if they weren’t delivering on their promises. It is wise to consult their previous clients, if possible, to find what they find positive and negative about the company. This will give you a good picture of what to expect from the company and whether or not you would be willing to go through a somewhat similar experience.
2. Good rating at the Better Business Bureau (BBB)
The BBB is one of the most reliable sources of company ranking and evaluation. The Bureau is not created to profit from debt settlement companies; rather, it exists for the protection of consumers. Companies who have earned a negative reputation from consumer complaints and reports can also be found from the comprehensive listings of the BBB. This makes a background check from the BBB a must if you are looking into hiring a debt settlement company..
3. Personalized Debt Settlement Program
Since your personal debt circumstance is unlike any others, it follows that a tailor made settlement program based on your unique situation should be outlined and utilized. Also, the company should provide good customer service that is readily available to answer your questions and provide you with pertinent information on the development of your debt settlement matter.
4. Complimentary Debt Management Counseling
Good debt settlement companies will help you get out of debt and stay away from it. This is why debt management counseling is a good complement to debt settlement. A good company will outline a workable budget scheme for you to follow to efficiently and effectively pay off your debts and stay away from going back on the road of unmanageable debt yet again.