subject: Debt Management Help - How To Find Reliable And Safe Debt Settlement Programs [print this page] Debt Management Help - How To Find Reliable And Safe Debt Settlement Programs
People are looking for debt management help because of the fact that they are troubled with the recession hit economy. The economic meltdown resulted in a massive amount of debt accumulation for the consumers as they failed to repay their creditors on time and became defaulters. They filed for bankruptcy and this caused troubles for the creditors. The Federal government came up with new bankruptcy laws which stopped the pace of bankruptcy filing. This triggered off the search for alternatives and the best that came out was the method of debt settlement. A question however remains. How to find reliable and safe debt settlement programs? The question that follows next is that why is the question of reliability coming in? This is because of the fact that there are several settlement programs in the market which are shady and are operational because they want to make money by fooling the troubled consumers. So, how to find reliable and safe debt settlement programs? Let us find out the solutions to this question.
The various methods of finding reliable settlement programs are mentioned below:
Searching the internet using Google: This is one of the simplest and easiest thing that the consumers can do. Entering the words "Top debt settlement programs" or similar phrases in the search field and hitting enter will turn up a list of companies which offer debt settlement programs. The consumers need to remember that not all of these companies can be trusted. Only the top 4-5 companies which are returned in the search are the best in class and they are not operational to cheat the consumers but to help them. These companies have a proper registration and they have ample experience. This means that these companies know what they are doing or what they need to do to help the consumers approaching them for help with unmanageable debt.
Seeking help from debt relief networks: The best thing that the consumers can do is to search for debt relief networks over the internet. The relief networks have the complete list of the most authentic companies in the country and the companies listed on a network are registered with the Better Business Bureau which certifies the authenticity and the quality of service provided by these companies. These companies have a license and they are willing to show a copy of the same to prove their authenticity.
Apart from these two methods, the consumers can also use the polling websites where the other consumers have rated the settlement firms based on the performance and services provided. This can be an additional help. Finally, the consumers can also ask family members and friends. In case these acquaintances have used these services, the information provided by them can also become handy!
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.
