Today’s post is Part Two of discussing getting out of debt using a debt settlement program from Travis at Our Journey To Zero Blog. In case you missed that post, you can go back and read it: A Personal Journey Using a Debt Relief Service. I asked Travis to provide some tips and advice for picking a debt settlement company. Here are his suggestions:
Yesterday I told you my personal story of how I found my debt relief provider, made the decision to enroll with them, and what my experience was like in getting my debt management program rolling. While I have never had even the least bit of regret about the decision to enroll in our debt management program, I admit that I was extremely lucky to find the provider that I did. I didn’t know what I was looking for, or how to go about looking for it. I just sort of stumbled upon the information.
It doesn’t always turn out that way. I’ve heard debt relief stories that would make your checkbook quake.
If you’re struggling with debt, want some help, but don’t know where to turn, how do you go about finding a reputable debt relief company that will act in your best interests? Based upon my personal experience, as well as what I’ve learned since enrolling, I’ve put together the below list of tips that could help you find a debt management provider.
Check out the website:
- Design: A sleek website is not necessarily a sign that you’ve discovered a reputable company. However, if the website is the equivalent of a 5 year old drawing a picture with a crayon, you can be pretty sure it’s not.
- Account Management: If you’re like me, you want to be able to fully manage your account online.
- Forum or Community: Sometimes I don’t have the time, or the desire to make a phone call to ask a question. Typing a quick question and checking the answer later is a wonderful convenience.
If a company can’t put together and maintain a great website, what does that say about how they will handle your program?
Check with the Better Business Bureau:
You can get a lot of information about a company from the Better Business Bureau (BBB) such as:
- BBB Accreditation and Rating
- Number of filed complaints
- Number of resolved complaints
- Number of unresolved complaints
- Length of time in operation
- Recent litigation history
Search for Reviews:
When I searched for reviews of my debt management company, I found more material than I could read. Mostly positive, some negative. Every business will have their naysayers, but in my opinion, what you want to pay attention to is the cumulative “voice” of all the reviews.
Check their Product Offerings
There are several types of debt relief programs including Debt Management, Debt Settlement, and Bankruptcy. A provider cannot possibly hope to match their customers with the best program for their situation if they offer only one. If you don’t know what kind of debt relief product is right for you, then your safest path is to chose a provider that offers multiple programs.
It’s Who You Know:
Do you know someone who has completed, or is currently enrolled in a debt relief program? They are your greatest resource! They’ve been there, and can be a sounding board for your thoughts and can help you decide your next move.
Struggling with debt is difficult. Finding a debt relief provider that will help you on your way to financial freedom shouldn’t be. If your looking for debt relief, hopefully the above tips will get your started on your journey to being debt free.