Question : How do you know which debt settlement or debt consolidation program to choose, when theirs 1000's out there?
How do you know which program is good and which one is right for you. I heard their is a way to check there beruo report or something, not sure what its called. How can you see the results and reputation of the debt settlement program or debt consolidation program.
- asked by Russ M
All Answers:
Answer #1
You can choose providers certified by the UnitedStates Bankruptcy Trustee, even if you are notfiling for bankruptcy. These companies arescreened by the United States Trustee for qualityand effectiveness. Below you will find relevantlinks.
- answered by thisMatter.com
Answer #2
Call BBB in your state they have reports oneveryone for you to review. Good luck and takeyour time to choose because some debtconsolidation companies can make your creditworse.
- answered by Deal & Dime D
Answer #3
Most of the debt repair/consolation/settlementcompanies want their fees up front and leave youcredit trashed.Check nfcc.org for listings legitnon-profit credit counseling services. They canhelp you set up a budget and work out clearing upyour debt.You can tackle your debt yourself byputting every extra penny on the highest interestrate debt, while making minimum payments on therest. When the highest is paid, move to the next,till they are all paid off.It will take 2 or 3years but if you work at it, you'll be out of debtwith a good payment history.
- answered by bdancer222
Answer #4
go for a reputed one The advantage of a debtconsolidation repayment plan is that it preventsyour creditors from harassing you as long as yougo on making lower monthly payments. The drawbackof the debt consolidation repayment plan is thatall your credit cards are cancelled. You have tomake the first payment for the program and anextra fee is levied every month. This fee canrange from $10-$50 for all your creditors whileothers charge $5 for every creditor. This will setyou back by about $30 each month that you wouldhave otherwise used to repay your debt.
- answered by tim t
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measure and fulfill your financial needs
