subject: Is it Futile to Search for Agencies that do True Debt Consolidation? [print this page] Author: Hector Milla Author: Hector Milla
It is a renowned fact that many millions of people are in debt, in fact poverty in America alone is at one of its highest statistical levels since records began, and this is a developed nation. What happened was that people started to rely on credit and when the economy turned for the worst people found they were unable to pay back loans as well as household bills. Paula de la Torre Editor of the "Best Debt Consolidation Services" website -- http://www.BestDebtConsolidationServices.net -- pointed out; It is a blessing in disguise that true debt consolidations do exist, it is only a matter of doing a little searching around which you can do by starting in your own area, namely your local welfare office who should have the names of non-profit debt help organizations and counselors Non-profit consolidation agencies do have strict criteria for helping people whose arrears have got so bad they risk bad health and poverty for many years. This criteria is based mainly on level of debt, income, financial outgoings every month assets, and family size. If you do not find that you qualify for non-profit debt help and relief these organizations should be able to point you in the right direction. If non-profit organizations cant help, you can see a local debt counselor or even your local/own bank which may have some valuable information regarding debt consolidation agencies. These will be the more trustable places to seek advice as they are regulated by many financial rules and codes. True debt consolidation does exist; it is simply just a matter of looking in the right places and trusting your better judgment. If something does not seem right with a company/agent then you should move on to the next P. de la torre added. Examples of Bad Consolidation Specialists Upfront charges for information and service this is a no no! Doorstep collectors and agents who charge high interest. Very high fees and interest rates provided with consolidation loans. Setting you a monthly payment higher than you already pay out it should be much lower! No contact address or no human contact no person to person customer services. These are just a few examples of bad consolidatory practice, please be aware of these points when searching around. There are many good companies out there that work exactly opposite of the 5 examples above.
If in doubt about a certain service see a debt help lawyer, your debt counselor and even the bank if they provided you with the information. Further information about trusted and reputable companies for debt consolidation by visiting; http://www.BestDebtConsolidationServices.netAbout the Author:
Hector Milla runs his corporate website at http://www.OpsRegs.com where you can see all his articles and press releases.
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