subject: Choose The Best Debt Consolidation Company - Avoid Being Scammed [print this page] Considering the very fact that the market is full of unscrupulous companies, it is very important for you to be very careful while you are searching for the best debt consolidation company. There are several things that you need to take into your careful consideration in this regard. Following is a brief rundown on the same.
Dont Sign Up With The First Company You Come Across
Most people are so frustrated with the heavy load of debts that they are strongly tempted to go with the first company they come across. Dont fall prey to such temptations. The chances are that with a little more research, you can find a company offering you much better services. So, like with anything, a thorough comparison-shopping is a must when it comes to choosing the best debt consolidation company. As a general rule, you should first short-list at least three companies and then compare what they have to offer. This will help you make an informed decision.
Contact The Better Business Bureau
While you are researching the details about a specific company, you must also contact the Better Business Bureau. The idea is to make sure that the company you are availing the services from is a genuine one and that it does not have any serious, unresolved complaints listed in the BBB reports.
Read Reviews And Testimonials
In order to decide whether you have chosen the best debt consolidation company, you must also read reviews about the same. You can find these reviews on web forums that deal with the subject of debt management. To be on a safer side, you may also like to contact those who have availed the services of that company before. They will share their experience with you, which will get you a better picture.
Upfront Payment
A genuine company will never ask you to make an upfront payment. Therefore, if you are asked to pay a specific amount upfront no matter how small it is, you should take it as an alert sign.
Get Everything In Writing
Dont buy all their promises unless they promise everything in writing. Verbal promises no matter how lucrative they are have no value. So, before you sign up with them, do not forget to read the fine prints thoroughly. You must have good understanding of their policies and fees. Make sure that there are no hidden fees associated with the service.
As you can see, choosing the best debt consolidation company can be a very complex process. So, make sure that you do your research well.
