Can You Tell Me What Is The Best Debt Consolidation Company?

emporio
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Posted on June 2, 2009 at 5:01 am

I already tried to search in google for a list but I can't find any. Thanks.

peterpanamerican
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Posted on June 2, 2009 at 5:49 am

I was also doing a little research on debt consolidation and although it seems to be a booming business, I too can't find a listing of which ones are highly recommended. The articles that I see are actually warning me against debt consolidation companies.

cheetoslover072879
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Posted on June 2, 2009 at 5:56 am

Hi, emporio,

Hope this link works. The list is quite comprehensive and is distributed by state.

http://www.debtconsolidationcare.com/companies/

There is also a helpful FAQ portion on each state, and it also provides you with a brief overview of the consumer law of the specific state. You can also find consumer reviews on each company.

Hope this helps!

Karess
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moderator

Posted on June 2, 2009 at 6:18 am

Just to add to what CheetosLover said, you can also take an extra security measure while you're on your current search. Log on to the Better Business Bureau website at http://www.bbb.org to check out your prospective company's previous history, their standing with the BBB, and consumer testimonials for each company.

Getting in touch with your local Attorney General can help narrow your search, too

Steven
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Posted on June 2, 2009 at 7:15 am

Also, if you are trying to settle your debts, you may want to go to The Associattion of Settlement Company (TASC) website and look for a company who is in fact a member of TASC. The website is www.tascsite.org.

Then, you can supplement your search by calling the AG in your state, or even easier, going to the BBB website as Karess mentioned and making sure the company is a member of the BBB also with few or no complaints.

half cup (Guest)
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Posted on July 7, 2009 at 7:53 am

What is the best debt consolidation company in the credit counseling industry? How would I go about figuring that out?

Karess
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moderator

Posted on July 8, 2009 at 4:15 am

If the company in question had very few BBB complaints and is accredited with third-party organizations that have quality standards (like the TASC for debt settlement companies and the NFCC for credit counseling firms), then I believe that would work best for you.

x and y
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Posted on August 7, 2009 at 4:16 am

If you are wondering why the terms debt consolidation companies and debt settlement companies are being used as if they are the same things...it's because debt consolidation is like an umbrella term for debt relief solutions/options..and debt settlement may be the best among those options. Depending of course on your financial situation.

customer no. 5
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Posted on August 7, 2009 at 4:18 am

What is the best debt consolidation company for debts that have high interest rates and low amount?

What is the best debt consolidation company for debts that amount to more than $20,000?

damon and graham
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Posted on August 7, 2009 at 4:25 am

Okay the best debt relief solution for debts that have a relatively low amount but have high interest rates would be credit counseling. To find out what the best company is for that particular debt consolidation solution, go see if the company has accreditation from the National Foundation for Credit Counseling (http://www.nfcc.org).

The best debt consolidation solution for debts that are over $10,000, on the other hand, is debt settlement. You may find the best companies, as they have said, in TASC www.tascsite.org.