How do you check out the history of a debt settlement company?
yamtheman asked:
When researching debt settlement companies, how do you know the best one to use? It is a fairly new industry and most companies are 5-7 years old. How do you know they are reputable?
When researching debt settlement companies, how do you know the best one to use? It is a fairly new industry and most companies are 5-7 years old. How do you know they are reputable?
March 10th, 2010 at 4:48 am
BBB & State Attorney Generals office is a good place to start. Google the company’s name, see if anyone has had a problem with them.
March 10th, 2010 at 6:22 am
Check if people were satisfied with their service, read their websites for detailed description of their services and its effectiveness. I used Freedom Debt Relief’s debt reduction program and it was good. Visit:
March 10th, 2010 at 10:33 pm
You can first start by making sure a company is a member of TASC (the association of settlement companies). As was stated before you can also check out the BBB. There are a number of customer review sites as well, one is called measuredup.com. Yellow pages usually has reviews of the companies listed in their directory as well. Almost all of these companies offer free consultations so just call and get a feel for them. If the program sounds like it might be a good idea then great, if it doesn’t hang up the phone and try another. Be careful don’t be convinced just because the person over the phone sounds nice, remember they are basically a salesman when you call them, so be tough.