Best Debt Negotiation Companies

Choosing the best debt negotiation Companies

The best debt negotiation companies offer service via local offices or telephone, however; the most effective way that these companies operate is usually by the Internet. Many negotiation and credit counseling services are nonprofit, but take CAUTION: Just because the organization is non-profit does not mean that its services are free or even affordable!

The best debt negotiation company should have standards. These standard include:

1. Demonstrate reputable services- the company is able to advise you on managing your money and debts, the company can help you to implement a budget based on your PERSONAL financial needs and obligations, these companies should also offer free workshops and information. (NOTE: This is a red flag in the reputability of the company! They should be interested in helping you to negotiate your debts and counsel… NOT just make a dollar!)

2. They should give you free information about itself and its services.

There is nothing wrong with asking for information on services, and the company should be willing and able to assist you with information on these services. If the company does not want to release information, this is often a red flag! As well, this information should be free! Hey, you are in debt! Why in the world would you PAY for free information?!

AUTHORS NOTE: Avoid companies that push a DMP, or a Debt Management Plan, before they spend a significant amount of time evaluating your financial situation.

Do your homework!

Finding out information from the debt negotiation company or credit counseling organization is essential in choosing the best debt negotiation company. Find out if the company offers other services. A company that offers a range of services is best. Especially those that offer budget counseling and classes.

Also, let me emphasize the importance of those debt negotiation sources, that offer free information and educational material. This is a good way to tell what kind of company you are working with.

Another sign of a quality company is if the company offers you ways to avoid becoming in debt in the future. You do not want the company to just solve your immediate problem, but you want to stay clear of any possibilities that you may acquire this situation again in the future.

In your search for the best debt negotiation company, make sure that you ask questions. As many questions as you’d like! Ask the company up front, what their fees are. You need to know, and if you can get those fees in writing even better!

Is the company licensed to work in your state?

This is an important question to ask. You want to make sure that the company you are dealing with is even licensed to work in your state. Because there are at times issues with scams within the debt counseling services industry, some states do not allow certain companies to operate in their state. Make sure you ask this very important question. A good company, once they receive your application, will tell you up front.

Other tips and advice for finding the best debt negotiation company.

1. Formal agreements- DO NOT SIGN ANYTHING without reading it first! Make sure that you look over all of the details of your contract.

2. Qualifications of the Counselor- Find out what the qualifications of that counselor are. Were they trained under an accredited or certified organization?

3. How employees are paid- Looking at the way the employees are paid is HUGE! Are they paid on commissions? Note: Just because a counselor is paid on commission does not necessarily mean that it is not a reputable organization. This is just a flag that you want to be aware of when signing up for services.

HOW DO I SIGN UP FOR DEBT NEGOTIATION SERVICES?

REMEMBER do your homework! Using articles, or a lens, blog, and other sources of information (Sources such as this one) will help you to find debt negotiation and credit counseling services.

The best thing to do is go online and APPLY!

Applying at various sites for debt negotiation services is the FREE and quite simple. This is the FIRST STEP in finding out about the various companies!

Apply at multiple sites, then do a compare and contrast of the services and offers.

Make sure that when the counselors calls, that you use the information provided above to find out about the company!