How to Choose a Debt Relief Company Who Will Get the Best Debt Settlement For You

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I need to arrange the best debt relief I can, but how do I pick a company in the USA or Canada who will act in my best interests and not rip me off?

That is not a easy question to answer as there are so many debt relief companies advertising, all claiming to be the one. There are also heaps of horror stories of debt relief companies putting their clients into a worse financial position than they were before, some even causing their clients to go bankrupt.

Debt relief companies work best on credit card debt and unsecured debt, so to help people who need to select a company for debt relief below is a guide to help make a wise choice:

The company should be long standing and reputable with lists of verified testimonials from satisfied clients readily available.

Be an A rated member of the Better Business Bureau as this will show they are reputable and trustworthy, and preferably be a member of TASC or IAPDA. Staff are well organised and knowledgeable.

You need to have your own personal counsellor so he or she can be fully conversant with you and your case and you can readily contact.

Will give you a free no obligation appraisal of how, or if, they can help you.

Fees need to be commission based so you pay on results, not costs.

The company will give you a written guarantee of satisfaction, plus overall savings and quick completion times.

Will negotiate debt relief with your interests as #1 priority, and are able to work with virtually all creditors including the tougher ones like Citibank.

Depending on the amount and age of the debts and your financial situation you should expect them to negotiate a debt reduction of between 30% and 70%.

They should also work to help protect your credit rating, arrange a flexible repayment plan based on what you can afford each month, and aim to have you debt free within 3 years or sooner.

The company can show they have successfully negotiated many millions dollars of personal debt settlement and small business debt settlement.

Will inform your creditors they are now handling your debts and from now on all contact must be made to your counselor, not to you. This in itself is a huge relief for you.

There are companies who comply fully with this guide and and much more who will advise you on which is your best option for getting the best debt relief as there are several. In my next article I will explain what these different options are, meantime you can check out my review of who I found to be the best debt relief company by clicking on the link below.

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Source by Bruce Rayner