subject: Debt Negotiation Services – How To Choose The Best [print this page] ith the increase in bad debt problem and debt negotiation emerging as a viable solution to it, debt negotiation companies have started to pop up dime a dozen around various cities and online. In this case, it becomes really hard for an average consumer to decide which debt negotiation service to choose.
As of now, the federal and most state governments have not issued any guidelines for organizations offering these services. There are no parameters laid down by the United States Department of the Treasury either. In such a scenario following tips can help you zero in on best debt negotiation services.
First thing is to check the lenders with which the service provider has a tie-up. Agencies have to work with different lenders and if they are working with a particular lender time and again, they tend to develop default plans for ease of business. This provides them a ready made solution. Check if the agency has worked with your lender, then check if any of their default plans suit your requirement. If they do, you are in luck. Jump at that plan.
Second, check if the agency offers tailor made debt negotiation solutions or not. While most agencies have default plans that suit most people, in case you are in a peculiar condition, where none of the default plans suit you, you should look for custom made debt negotiation services that suit your requirements.
The custom made negotiations not only suit your requirements, they also have the advantage of being able to procure more leeway in negotiations in your favor. Press the agency hard and participate in all negotiations and you will find that the final outcome you get is much better than any of the default plans offered by the agency.
You must also run credentials check of the agency. Talk to people who have utilized the debt negotiation services and see how they have fared. You can ask the agency for testimonials and case studies. In special cases, they may even provide you customer contact details so you can find the answers firsthand.
Finally check that the agency has well qualified debt negotiators with ample experience. Debt negotiation is not something that any newbie can be entrusted with. After all, your entire financial credibility is at stake here. At the same time you should also check that the agency provides tax and other attorneys who are well qualified and licensed to plead in that state.
