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Do I have to look for a reliable association of debt settlement companies to get help?

Submitted by benjamin on Wed, 11/09/2016 - 20:22

If I'm thinking of going for debt settlement through a professional. Do I have to look for any reliable association of debt settlement companies? How will I know whether or not the one I select is a reliable one?

First, check whether or not a company is registered with the Better Business Bureau (BBB). If not, then be careful. The company should not charge any upfront fee. It's another important parameter to verify the reliability of a debt settlement company. Remember, as per the FTC laws, a debt settlement company cannot charge an upfront fee from its customers. Last but not the least, check online reviews, and whether or not a debt settlement company is following the FTC laws.

Submitted by Phil Bradford on Fri, 11/11/2016 - 04:16

Phil Bradford

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Along with following what Phil has said, to look for a reliable association of debt settlement companies, you can take referrals from your family and friends. You can approach a settlement company which has been able to settle your friend's debt successfully.

Submitted by Good Nelly on Fri, 12/02/2016 - 02:30

Good Nelly

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