subject: Debt Settlement Agencies - Why Certain Debt Settlement Agencies Are Better Than Others [print this page] Debt Settlement Agencies - Why Certain Debt Settlement Agencies Are Better Than Others
f you've decided that a debt settlement is the way to eliminate your debt, then you have to start looking for a good debt settlement agency, one that will help you get your financial situation back on track in the fastest way possible.
There are some tips and tricks to choosing these agencies. Since this is a lengthy process - it may take up to three years for you to be debt-free - you'll want to search for a company with a bit of history behind it, as opposed to a starter one. This will make it safer for you to carry out your payments, and it will also make a better impact on your creditor.
Being accredited is very important for such an agency and you should check that beforehand, as well as look into their score - this will tell you a little about how they treat their customers and if they've done a good job in the past. A large number of complaints is usually a bad sign, so stay away from agencies that can't seem to work well with their customers, as it may happen again.
Also, be aware of how the agency gets its fees - if the first number of payments are strictly their fees, you should probably avoid them, as there have been cases in which companies collect their money and fail to help you with your debt problems.
Some agencies offer bonuses or special offers to those who choose them. Now, this is not necessarily a bad thing, and if you want to take advantage of such bonuses, you can, but bear in mind that your goal is to be debt-free, so keep the focus on the actual work that they do.
An attorney-based program is a good thing to have because it can save you from a lot of pitfalls, and it's also expected to become mandatory at some point in the future. Already having one will save you from having to deal with unplanned changes that have to take place so that the agency can continue functioning.
These are just some of the things to look out for when looking for a good debt settlement agency, but you have to keep in mind that however good it may be, the task of getting and staying debt-free is still yours.
Debt settlement is a legitimate alternative to filing bankruptcy and often makes sense for consumers on the verge of bankruptcy. There are also other debt relief options available so it would be wise to speak with a debt relief specialist to go over your different options. For a free consultation from a debt relief specialist in your area check out the following link:
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