subject: Needing a Debt Consolidation Agency. Any Ideas? [print this page] Author: Hector Milla Author: Hector Milla
Financial services today cover a dazzling range of options. Ads promise great results, for low cost, with little effort. Base your search for the best option on a systematic review and comparison of written quotes. Know you options for each type of service you consider. You may not qualify for all services. Initially look for companies offering advice, reducing interest rates, extending payment schedules, and negotiating reductions in principal owed. The best companies may use all tactics, depending upon the unique personal situation of each client. Paula de la Torre Editor of the "Best Debt Consolidation Companies" website -- http://www.BestDebtConsolidationCompanies.net -- pointed out; Credit counseling services do not directly reduce payments or debts. Counselors advise clients how to reduce monthly expenses to pay all debts in full, according to the original agreement. Debt management services rely on a slightly more aggressive approach. Debt managers contact each of your creditors and request lower payments. Frequently, payment reductions result from lower interest rates or extended payment schedules. Many credit counseling services work closely with debt mangers. Both counseling and management agencies routinely accept financial support from credit card companies Consolidation of debts creates the greatest potential savings. These plans typically include principal reductions, lower interest rates, and provide the convenience of a single payment to pay all included debts. Once the plan is in place, you make one monthly payment to the consolidation company. In turn, the debt consolidation agency disburses your payment to each creditor according to settlement agreements. In most cases, settlement agreements produce the best results because consolidation companies do not accept financial support from credit card companies. Compare your alternatives. The comparison process is simple. Begin your search by reviewing services offered by several companies that offer type of service you prefer. Request a free quote for costs and projected savings. Major companies usually provide websites that explain what, when and how their services achieve the expected result. Review websites thoroughly before making your decision P. de la Torre added. Use due diligence to compare your quotes. Consider the reputation and experience of any company considered. Check for required certifications and ratings with the Better Business Bureau. Once you review is complete, the best solution always rises to the top. Further information about trusted and reputable companies for debt consolidation by visiting; http://www.BestDebtConsolidationCompanies.netAbout the Author:
Hector Milla runs his corporate website at http://www.OpsRegs.com where you can see all his articles and press releases.
