subject: Debt Settlement Advice - How To Locate The Premier Debt Settlement Companies [print this page] When you find yourself knee deep in debts, then it is high time you considered a way to clarify your financial situation as soon as possible. Most people use settlements to reduce the amount of money they owe to credit card companies for way less than they should have paid otherwise.
You can approach your creditor directly or through a settlement company. Both options have their advantages and drawbacks. If you choose to talk directly to the bank, that can be both time and every consuming, but it would save you a considerable amount of money. Still, if you go for this option, then you must make sure that you are prepared and informed. This is not a job for inexperienced people who do not know how to negotiate.
Your other option is to contact a specialized company. In exchange for a fee, usually a percentage of what they help you save, this company will provide you with good advice and will negotiate with the bank on your behalf. However, finding the premier debt settlement company can be a really tough job.
First of all, do not fall for their fancy offers and fine promises, as they might be just a scam. Keep in mind that most debt settlements reduce the consumer's debt with maximum 60% of what they would've otherwise pay and no more. If the settlement company promises you a higher amount, then something must be wrong.
Secondly, check the credentials of the company you approach and ask for testimonials from their previous clients. Their experience in the field must be relevant and there should be little to no complaints against the company from their previous customers.
If you've searched for days and still you found no company to satisfy you, then you can contact a debt relief network that will look for a certified debt settlement company, for no charge.
It would be wise to not go directly to a debt settlement company but rather first visit a debt relief network. The top debt relief networks only allow debt settlement companies into their accredited organizations that prove a track record of successfully negotiating debts and have also been certified. They are free to use and offer helpful debt relief advice.
