How to Choose a Debt Settlement Company
The only one that is going to get you out of debt is you. That doesn’t mean that you have to do it alone. There are many programs available that can assist you in becoming debt free.
One of those options is to hire a Debt Settlement company to negotiate your debts with your creditors on your behalf. Debt Settlement has been recognized by Master Card as a legitimate course for individuals looking for debt solutions, read more by visiting:
http://www.mastercard.com/us/personal/en/securityandbasics/debtknowhow/payoffyourdebt/index.html
Some readers have emailed us asking advice about choosing the right company. Here are some of the questions you should ask:
1. How many customers have they serviced?
2. What is their current dollar amount of debt under management?
3. What is their average settlement rate with creditors?
4. What type of customer support do they have in place (i.e.; amount of staff in their call centers)?
5. Do they have 24/7 customer account access?
In addition to the above, make sure that the account you set up to put funds towards your debt settlement program is controlled and accessed only by you. Also, make sure that the company is a member of a professional trade organization such as TASC (The Association for Settlement Companies). They ensure that their members meet the highest industry standards and practices. To find out more about task visit www.tascsite.org
Based on the above criteria, we have identified two great companies that have the right answers to these questions.
Top 2
1. DebtXS, LP - Addison, TX www.debtxs.com or call at 800-841-9785
2. Knock Out Debt - Los Angeles, CA www.knockoutdebt.com or call at 888-443-3328
As always, if you want to learn more about your financial options, log onto www.debtreliefoptions.com
Jon Noble
Staff writer
Debt Relief Options
asktheexperts@debtreliefoptions.com
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