When it comes to choosing a company to help you with your debt relief efforts, there are many options available. However, variety doesn’t always mean better in terms of quality. Before you hire someone to help with your debts, look for a few signs that indicate they are a qualified service provider.
One of the things to look for first is the types of services offered. Ideally, you would want to choose a company that can offer a range of debt relief services like credit negotiations, budget counseling, debt management plan development. Choosing a company that only offers debt consolidation or settlement services could be an indication they aren’t the right one for you. It is important to find a company that can review your unique financial situation and discuss all of the options that could help you, not just one they want to “sell” you on.
Another key component is the type of people they staff. When it comes to handling your debts, and your money, having a well trained person is important. Many debt relief companies may staff people trained on the job or through a brief workshop. This should be a flag that you are not in the right place. Only obtain help from companies that staff licensed or accredited employees. More specifically, be sure the person handling your case holds a degree in finance, accounting or law; just as a debt negotiation lawyer.
Lastly, examine the fees charged for services. A company that requires you to sign a service contract or pay upfront fees could be a sign you need to find help elsewhere. Remember that you should never pay for services until they have been received. In other words, don’t agree to work with a company who wants you to pay before they have successfully resolved your debts with creditors.