Posted on
June 24, 2009
at
2:01 pm
Does anyone know if the BBB has a way of letting people know what debt consolidation programs are legit?
Posted on
June 24, 2009
at
2:12 pm
One thing that the Better Business Bureau (BBB) did is alter their ratings system for debt settlement companies. Before, they used to report that the company had a "satisfactory" or "unsatisfactory" rating. Now though, the BBB uses an A to F grading scale for debt settlement companies based on a number of different factors. In the end, it is a much better formula to use as the former didn't really tell you much.
Posted on
June 24, 2009
at
3:24 pm
Right. Or you can search for a business to view their company profile and see how many complaints they have etc. This would be helpful before choosing any debt settlement, credit counseling or loan company to work with.
Posted on
June 26, 2009
at
3:50 am
Well the BBB does not specifically recommend certain businesses to consumers--their main job is simply to provide information to consumers. Even if it is also funded by businesses, the BBB states that "its value to businesses depends on its neutrality."
Posted on
September 11, 2009
at
2:32 am
how much do the typical debt consolidation programs charge?
Posted on
September 11, 2009
at
2:48 am
$25-$30, as far as I know--and it's the non-profit companies that charge such amounts.
Posted on
October 22, 2009
at
3:24 am
It is always best to work with debt consolidation programs with BBB accreditation, because you would know that the company you are working with has high standards with regard to providing quality service to its clients.
