subject: Debt Settlement - Tips To Find Top Performing Debt Settlement Companies [print this page] It is very important to find the best performing debt settlement company if you want to get rid of maximum debt without any repayment. The first thing that you should focus on is identifying honest and reputed settlement companies. Then, you should compare the performance of various reputed companies and find the one that has the best track record of fetching the highest waivers. Read ahead for some tips that will help you in this task.
Keep regular track of financial news. You can subscribe to financial newspaper or check out news articles on the World Wide Web. Keep yourself up to date in debt and finance related matters. It is not uncommon to find press releases issued by settlement companies describing the fantastic performance of companies. Of course, press releases must be taken with a pinch of salt because they are issued by the company only. However, this is a good source of information, facts and figures. It is a good place to start your research.
Next, you should make use of online debt relief networks and forums that help borrowers get in touch with reputed settlement companies. The combination of up to date information about performance of different companies and easy contact with the numerous companies through networks will help you find the top performing company very quickly. You can easily find companies on the network that are aware of national as well as local factors affecting your financial condition. There always are minor variations in approach of credit card issuers, tax policies, and bankruptcy laws from state to state. This will affect the performance of the settlement company. You should take this factor into consideration before taking a final decision.
Next, you should compare the charges of the best settlement companies. Give first priority to quality. Then, focus on costs. Do not give undue importance to the fees charged by companies. However, do not completely ignore it either. Rather than comparing costs alone, focus on value for money. A company that offers 70% waiver in return for 20% fees is a better choice as compared to one that offers 40% waiver with 10% fees.
If you are over $10,000 in unsecured debt it would be wise to utilize a debt relief network instead of going directly to a debt settlement company. Using a debt relief network guarantees that the debt settlement company you choose has been certified and has established success in negotiating settlements. They are free to use and a good starting point to begin your debt relief process.
