Posted on
January 8, 2010
at
2:00 am
What does 'good' mean? It means that the company would have your best interest at heart. It means that the company would take a serious look at your situation before giving the right recommendation. Some companies would just sign you up to their programs even if it's clear that what you need was to file bankruptcy.So how to find a good settlement company?Share your thoughts!
Posted on
January 8, 2010
at
2:03 am
When talking about 'how to find a good debt settlement company' we are talking about several factors:-the program-the cost-legitimacy (membership/accreditation)-awards-consumer review-complaints...what else...
Posted on
January 8, 2010
at
2:05 am
'how to find a good debt settlement company' To add to the previous post: Testimonials (former clients)..peer review, how long the company has been in business, website (does it have a good feel, does it answer the usual questions-anticipate questions, how transparent is the company..)
Posted on
January 8, 2010
at
2:35 am
Program:-The settlement company's program must have a fast completion time. 12-36 months.-The program must be able to protect and improve the consumer's credit standing.
Membership/affiliation:-Must be a member of the Better Business Bureau, BBB, for at least 5 years.-Must also have a good standing with the Chamber of Commerce-A Member of TASC - The Association Of Settlement Companies and the IAPDA or theInternational Association of Professional Debt Arbitrators
Posted on
January 8, 2010
at
2:53 am
And cost, this is the industry standard, if you were charged an amount much higher than this, find another company:Debt settlement companies will charge 15% of the total debt amount spread over 18 months or take a percentage of the settlement amount (20-25%)
Posted on
January 11, 2010
at
1:09 pm
The key to joining a debt settlement program is transparency. You will find most companies’ fees are similar. Cost will not equal quality. Debt settlement works if you are prepared and know exactly what to expect. There will be ups and downs, there will be creditor phones calls and you will save on your debt. If the company you go with is capable they should have a plan for you after you are done with the program.
