Sean Horan is the President of Impact Debt Settlement. Impact Debt Settlement offers clients a better way to resolve their debts, saving them from the confusion and embarrassment of the usual debt resolution methods and freeing them from the annoying and intimidating debt collectors.
As our county’s economy continues to decide its next move, debt settlement is being utilized more and more as a way to get out from under credit card debt. One the most important parts of this is choosing the right debt settlement company to represent you. There are many to choose from, and not all are reputable; so you’ll want to consider carefully before you choose. Listed here are some things you’ll want to consider.
Ignore the sales talk and look at the facts.
Because there are so many debt settlement companies, there is a lot of marketing hype. The old saying that if something sounds too good to be true it probably is applies. Read or listen carefully and ask questions.
Beware upfront fees.
If they are asking for all fees upfront, look elsewhere. You’ll want to find a debt settlement company that asks for payment on a monthly basis. You’ll also want to avoid maintenance fees. This may take a little more time, but its worth it.
Beware high percentage fees.
The norm in the debt settlement industry is going to be between 10 to 20 percent of your debt. If they are charging more than this, keep looking because you can find a better offer. As with anything, shopping around can get you great results. It will be good if you shop around for the best debt settlement rates by comparing various offers.
Look for accreditation.
You’ll want to choose a debt settlement company that is accredited by a reputable trust worth industry watchdog organization. Below are two.
USOBA – United States Organization of Bankruptcy Alternatives – The USOBA is dedicated to advocating for fair legislation that will help provide consumers with a high level of protection. As each state considers or introduces legislation, the USOBA participates by actively educating and cooperating with state officials, regulator, and legislators.
NADRC – The National Association of Debt Relief Companies (NADRC) was created so that the consumer can make an educated decision when choosing a debt settlement company. NADRC certified debt settlement companies prominently display our member’s logo, which links directly to our Consumer Bill of Rights page. Visit the NADRC Members page to verify that the company you are working with is truly committed to helping you become free of debt.
Read testimonials and feedback.
Most companies will have testimonials on their websites. Read them. If they leave you in doubt ask if there is a way to communicate with a prior client. There are also sites that can put you in touch with people have gone though debt settlement and can share their experiences with you
Educate yourself.
The best way to choose a debt settlement company is to have as much information as you can in the onset. Read, ask questions and don’t hesitate to keep looking if you aren’t happy with what the debt settlement company is offering.
Learn about debt settlement, debt consolidation, debt relief, and more at Impact Debt Settlement
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