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Debtconsolidationcare.com - the USA consumer forum

Debt Settlement

Date: Tue, 09/08/2009 - 12:37

Submitted by amyharland
on Tue, 09/08/2009 - 12:37

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Total Replies: 5


Does anyone have a suggestion for a good debt settlement company?


Here are some things you should ask when choosing a debt settlement company.

1. Do they have attorneys licensed in your home state who will be working on your case? This is critical. You want to be sure that the debt settlement company does have licensed attorneys overseeing your case. Having an attorney who is knowledgable on your state's laws will ensure that your case is being handled properly and that you will receive the most benefit from the program.

2. Does your money go towards settling your debts from day one of the program? If your money is all going towards the debt settlement fees and not towards your debts, then the debt settlement company is getting paid before any of your debts are settled. Look for a company that does not collect all their fees upfront. They have little incentive to ensure you settle your debts if they are paid in full up front.

3. Do they accept everyone in the program or do they have a set of criteria that has to be met to determine if the program is right for you? An in depth analysis should be done by licensed attorneys to determine if you are a good candidate for the debt settlement program and that you will be successful in completing the program.

4. Do you retain control of your money that is being put into an account to settle your debts? You should always retain control of your money.

There are many additional questions you should ask the debt settlement company. Look for my future posts on the subject.


lrhall41

Submitted by Stewart on Wed, 09/09/2009 - 13:53

( Posts: 102 | Credits: )