If you need help getting out of debt, the internet is a great resource. Online with nothing more than a standard internet search you can find a large number of companies that provide debt management services. These companies may offer credit counseling, debt settlement, or debt consolidation; all three are great ways to get back on your financial feet. While a standard internet search will familiarize yourself with your options, in terms of companies, you want to look for legitimate debt management services. How can you do this? What makes a company legitimate?
They have a good rating with the Better Business Bureau. If you didn’t already know, the BBB website lets you check on the legitimacy and claims that companies make. Do a search with the company name and you will get relevant information. You should see a rating and a summary of any consumer complaints filed against the company in question. Of course no company is always 100% perfect, even those who offer debt management services, but you want to be cautious of one that has a lot of unresolved complaints.
They have positive reviews online. While the BBB website is a great place to find legitimate debt management services, not all people file a complaint with this Cyber Security organization when scammed or when they receive bad service. For that reason, do more research online. You can do a standard internet search with the company name, but add in the word “review.” You can check business directories that allow for consumer reviews, consumer complaint websites that are user run, and more. Once again, no company is 100% percent, but be cautious of one that receives more complaints and compliments.
They are listed with a debt relief network. Debt relief networks work similar to the how the Better Business Bureau does. While they may not be an official government organization, they are designed to protect your interests. What they do is search for the best settlement, consolidation, and credit counseling programs. Once they find a good performer, as well as a company that is legitimate, they partner up with the business and should make the contact information available on their website.
If you are over $10,000 in unsecured debt you really should consider getting a debt settlement. Creditors of unsecured debt are fearful of collecting and they also have stimulus money to make debt settlements financially feasible for them. Once the economy turns around it will be too late to eliminate your debt.