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Debt Relief Programs

When looking at various debt relief programs to help you with paying down a large debt, there are a few things you should look for.

1) How long has the company been in business?

These days it is ridiculously easy to set up a website and call yourself a business. In fact, many companies who have debt relief programs have done just that. To make sure, however, that you are not being taken advantage of, you need to find out how long they have been in business. Obviously, the longer they have been in business, the better the odds are that they are a reputable company. If a company has just sprung up overnight or in the last year or two, give it a wide berth unless you have some inside information that they are a great company.

2) Research Them

Luckily on the Internet is is easy to find out things. Start by doing a simple search of the company to see what kinds of stories, if any, come up for the company. This will give you a general indication of what other people think about them.

If they have better business logos or the equivalent on their website, actually call the organization and find out all you can about them. A logo, in itself means nothing. Plenty of websites out there simply copy a valid logo from a competing site and paste it on their’s. You want to be sure that the debt relief company actually belongs to the organizations that it claims it belongs to. If it doesn’t, it is a red flag.

In addition, there are many debt relief options out there. You have to look them over and decide which ones are the best for you.

3) Check for lawsuits

Contact the FTC to see if they have had any legal actions filed against them – and if so, what type. The FTC is becoming a bit more aggressive in fighting these rip-off companies although they are still way behind the curve and probably won’t catch up any time soon.

A civil action against the company is not conclusive either way. An action filed by the FTC, however, is a cause for concern as they usually don’t get involved unless there is a pattern of some sort of illegal or suspect activity.

4) Ask for references

If everything is ok up to this point, give them a call and get their sales pitch. Find out what they will do for you, how long it will take, what it will cost, and so on. And then ask for references, and contact them.

Debt relief programs are not bad. But there have been so many scam artists getting into the business lately that it pays to do your due diligence before partnering up with one.

Debit Consolidation
If the amount of money you spend monthly exceeds the amount of money that you are bringing in, you might be interested in debit consolidation.

Home Budget Software
The right home budget software can help you to manage your money so that you’re not always living from paycheck to paycheck.


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