subject: Debt Negotiation Relief Programs - How To Avoid Shady Debt Relief Services [print this page] Debt Negotiation Relief Programs - How To Avoid Shady Debt Relief Services
There are may shady companies out there in the market which are ready to prey on your money by making a fool out of you. Be aware of those companies and make sure that you hire a legitimate debt relief service. But how can you avoid these shady services? Are there any tips to do so? Yes, there are! The tips to avoid shady companies are mentioned below:
First ask for a copy of the license and the registration of the company. Remember that a legit company will have no problem is showing the copies. If the firm says that it is a non-profit organization, ask for proof. See if the firm has the IRS code. If the firm never shows any proof, go and get another firm.
If the firm asks for up front fee, you can blindly say that the firm is non-legit. This is because of the fact that the FTC law of 27th October 2010 prohibits up front fee collection from the consumers. You better report the firm to the FTC.
Finally find out how long the firm officials are talking to you. An official must ideal take an hour or more to talk to you and find out all the necessary information. This is because of the fact that the official needs to know the best relief method that will be applicable to your case. Without those information, it will not be possible for the official to come to a decision blindly. The lesser the time spent, the greater is the possibility of the firm being non-legit.
These are the simple methods of finding out the legitimacy of relief firms and avoiding shady companies.
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.
