Free Debt Settlement Advice – How to Find Legitimate and Established Debt Settlement Companies

debt settlement advice
by MoneyAware

Free Debt Settlement Advice – How to Find Legitimate and Established Debt Settlement Companies

Free debt settlement advice should be available through a legitimate and established debt settlement company. You should never have to pay a fee just for getting professional advice on any particular subject. Many debt settlement companies will charge consumers a consultative fee which basically means they are charging you money in return for their advice. Don’t ever go through a company who charges consultative fees or wants an upfront lump sum to handle the entire negotiation process. There are many legitimate and established companies that will only collect when they perform and settle your debt for an acceptable amount. This article will help consumers located the most legitimate and reputable debt companies on the market so they are able to get the most favorable deal.

Not all companies will provide you the same level of service. Some are just flat out better than others. It takes time to establish relationships with the major creditors and usually the more established companies are able to bring greater leverage to the negotiating table and ultimately get you a more favorable settlement.

The new and inexperienced debt companies will not have as much leverage or credibility with the creditors. You have to be careful though because it is often the new and inexperienced companies that you might first encounter. The new companies will usually outspend the established firms in marketing in order to make a name for themselves so they might appear to be experienced at first glance. Due to the profitability of the debt industry along with the high demand from consumers, there are new players entering the market everyday. Most of them will claim they can eliminate up to 70% of your unsecured debt however only the proven and established debt settlement companies can say this with certainty.

The others are just making claims they know they cannot fulfill.

If you want to get out of debt and hire a debt settlement company for debt negotiation then I have an important piece of advice. Do Not go directly to a particular debt settlement company but rather first go to a debt relief network who is affiliated with several legitimate debt companies. In order to be in the debt relief network, the debt settlement companies must prove a track record of successfully negotiating and eliminating debt. They must also pass an ethical standards test. Going through a debt relief network will ensure that the debt company you are provided with is a legitimate and respected company. This is the most efficient way in finding the best debt settlement companies and increasing your chances of eliminating your debt.

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