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Before signing up with any debt settlement company, discuss these points with the counselor. You will get an idea whether you are comfortable signing up with them.

Ask for the cost of the service. You need to make sure that the program is affordable and realistic to you until the plan is completed. In case, you join the program thinking that you will be able to continue and fall short of money in course of time, you will be causing more long-term financial problems for yourself. However, most people don????????t realize that debt settlement is the fastest and least expensive form of getting debt relief

Know from the settlement company whether they will be reporting your accounts to the credit bureaus. Traditionally, most companies don????????t report to the bureaus but some do. Creditors will continue to report the negative items with the bureaus, but the debt settlement company you do business with should not.

Verify with the settlement company if they are going to provide you any service guarantee. They should be able to show you records of their business with other creditors and getting the consumer accounts settled successfully. Don????????t sign with any company that says settlement is not going to affect your credit rating. Your credit will be affected in the beginning using this program, but later, it will start improving. This is a small price to pay when you were not able to manage payments on time.

The debt settlement company should have IAPDA certified debt arbitrators. IAPDA certified debt arbitrators possess a solid understanding of the laws governing the Debt Settlement industry and fully understand your current financial situation.

Are they going to offer you any type of bankruptcy assistance if the debt settlement is not working well in your case? This option should be left open by a reputed company. Some companies will refund the cost of the program to help pay for a bankruptcy attorney of your choice. Don????????t accept money. Instead they should pay it directly to a licensed attorney who will be working on your bankruptcy case.

Does the debt settlement company you are considering belong to the local Chamber of Commerce? If so, is the Chamber an accredited member of the Chamber of Commerce of the Unites States? This type of affiliation will help ensure that the company is conducting business in a proper manner.

A good debt settlement company will be a member of the BBB. Even if they aren????????t, you can inquire about their business with the BBB, AG and the FTC first before signing their contract.