Choosing The Best Debt Settlement Company to Work With

If you are interested in going through a debt settlement, but you don’t want to have to handle the negotiations yourself, hiring a company that specializes in this area makes sense. When you are in debt, you may notice that there are a lot of different debt relief companies out there advertising their services. How do you know which one to choose for your settlement? Here are a few tips to keep in mind when choosing a settlement company to hire.

 

Check With the Better Business Bureau

When you are evaluating different companies to help with your settlement, you should check with the Better Business Bureau to see what they have to say about them. The Better Business Bureau is an independent agency who rates companies based on their customer service record. If a large number of customers give negative ratings or offer complaints about a settlement company, then you should be a little skeptical about working with them. The Better Business Bureau uses a rating scale as well to grade companies on their performance as well. If a company has an “A” rating, this is definitely a good sign.

Watch For Upfront Payments

A red flag that you should look out for when choosing a settlement company is asking for an upfront payment. If the company asks for a large upfront payment for their services, you should probably work with someone else. Many scam companies asked for people who are in trouble with debt to give them a large sum of money on the front end of the deal. The company then takes off with the money and doesn’t actually help the debtor at all. Most of the time, you should work with a company that takes a percentage of the amount that they save you on the debt. This way, you don’t pay that much money if they don’t save you that much. They earn the amount that you pay them with their performance.

Read Reviews

You can also get online and read reviews from many different sources to see what other people have to say about a settlement provider. Most prominent debt settlement companies have a lot of customers, and many of them will be happy to share their opinion of the company online. If you see a lot of negative reviews about a company, you should probably steer clear and go with someone else.

Making the Choice

Ultimately, the decision of which settlement company to work with is up to you as a debtor. Make sure that you take your time to choose one who has a good reputation in the industry, because they will be helping you make decisions that can affect your credit. You don’t want to leave your credit up to a company that doesn’t know what they’re doing. Otherwise, it may be increasingly difficult for you to be able to afford to make big purchases in the future. After you find a good provider, make the decision and get started settling your debt.

This article was brought to you by Cambridge Life Solutions, Canada’s most trusted debt settlement company offering negotiation services to help end your debt once and for all.  Check out their latest advertisment video with Alan Thicke, http://www.youtube.com/watch?v=7dIRRzV-0No

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