Credit Card Debt Help - How to Locate Responsible Credit Card Relief Services

When you finally decide it is time to find professional help to resolve your credit card debt

, you need to find the best help possible from a responsible Debt Settlement Company. You need to be careful, don't just jump for the high tech website or the ads promising to solve all your problems. Spend a little time finding the right company so that you can get the assistance possible.

President Obama's new Credit Card Law of 2010, implements some strong controls over these types of companies to help the consumer to avoid being scammed when they are down and out and desperate. Many states are enacting regulations, and licensing requirements as well as insurance bonds on these companies. One of the best policies implemented by the new laws, states that these companies cannot collect fees until they have rendered their services. This one change has chased off most of the fly by night companies, so what have left are highly trained professionals.

You should make sure that the debt settlement company that you are retaining is a member of the Association of Settlement Companies. This is an independent association of debt settlement companies, and qualifies its members based on their performance and success rate as well as their ethical standard. Any company promising to wipe out your debt or making outrageous claims should be avoided.

Make sure your debt settlement company has a guarantee and refund policy. If they are asking for an upfront deposit or fee they should be avoided. As for everything they are telling you in writing or they should at least have printed literature that tells you the same things they are offering you. Ask what your maximum fee will be and how long the process will take.

There are plenty of legitimate debt relief programs that are performance based meaning that they only collect a percentage of the money that they Save you not the total debt balance. By having the payment performance based, consumers can be assured that the company is diligently working on their settlement. The more money they save you the more money they make. Always avoid paying upfront fees and legitimate debt relief programs won't ask for one in the first place.

Don't just jump at the first company you speak to, shop around, this is an important decision. You will only have one shot at this.

Ask each company to email you their complete contract with all the details. Look it over and make your decision.

With the new FTC laws recently passed, debt settlement is a legitimate alternative to filing bankruptcy. Creditors are ready to negotiate and now you won't have to pay a fee unless your debts actually settle. Check out the following link to locate legitimate debt relief companies in your state for free help.

Credit Card Debt Help - How to Locate Responsible Credit Card Relief Services

By: jerryarcher

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