debt settlement program requirements

Hi patriotm

Welcome to the forums. Nice to hear back from you. :D

You have to do a thorough research before finalizing for a debt settlement company. If you are not careful, you will realize that the company will promise to pay any amount of your debt, but actually it might be a deep hole dug up. Some debt negotiators also charge fees heftily. And besides all this, your credit report is ruined for the next 7 years.

A legitimate debt negotiation company will always choke out a plan before you enter the program. They will tell you in advance whether the amount can be put in the program or not. They simply won't make promises to you in the beginning.

Before finalizing any company, check out for that company in the Better Business Bureau website as well as your local consumer protection office. You should not deal with a company that has too many consumer complaints filed with the bureaus and if there are any legal pending investigations.

Regards
Roxette