Anytime someone is looking for help, such as debt relief
, there will be reputable companies offering help and then there will be companies out there that are looking to make a quick dollar and don't care what kind of shape they leave you in. It is up to you to weed these undesirable companies out and choose one that can truly help you.
Before you go with any service, see what the Better Business Bureau has to say about them and check out some of the debt relief forum. The members of these forums hold nothing back. They will tell you if they have been helped by a company and they will let you know even more quickly if they feel like they have been ripped off by a company.
The FTC has put some new regulations into effect that limit the type of advertising that can be done. Most credit counseling companies are reliable. It is the debt settlement companies that tend to be the problem. While the may actually disclose everything they are doing in the fine print, they charge a lot for services that you can perform on your own. They also have tendency to take their fees before they do a whole lot to help you with your debt. Many people that get involved with debt settlement companies often end up in worse shape before it is all over.
Begin the debt relief process by contacting a consumer credit counseling agency that is registered with the Nation Foundation of Credit Counseling. These agencies not only offer financial counseling they can give a free quote for becoming debt free in 3 to 5 years. If you can only make minimum payments, using a credit counseling company will cut your repayment time in half, by reducing your interest rates and eliminating your fees.
You no longer have to suffer with the stress of debt. Get a quote that will allow you to repay your debt without a loan and a single payment each month. You can get started as soon as today moving towards being debt free!