Getting out of debt can be quite overwhelming and the last thing a person needs to worry about is whether or not their debt counsellor is actually going to help them or dig you into a deeper hole. Here are some important tips to make sure you that you made a wise choice by going with a debt counsellor rather than just filing bankruptcy or working out a settlement with your credit companies.
It's important to check out that they're a reputable company through the Better Business Bureau and it will help you gain some confidence in your decision. This is not a guarantee because they are one-sided with their information, only having access to filed complaints. If they're a new company, they may not have any cases against them. Nonetheless, this is the best place to start your search for a credible debt counsellor.
The other way to search out reputable debt counsellors is through word of mouth from previous clients. If they are confident in their service, the counselling company will not mind providing you information about their prior clients. Beware though, it could be false or inaccurate information. If they are actually a reputable company, there should be a release form that will allow them to provide you with information about other clients' experiences.
If the debt counselling company is near your neighbourhood, you may even have acquaintances that have used their services. Also consider background checking the company through the Attorney General's Office to ensure that the company you are considering has not done anything illegal or against the requirements of good standard business practices.
One hint: if the debt counselling centre is not willing to provide you with prior information about their successes and references, it is best to just move on and find a service centre that is willing to cooperate. Sometimes this gesture of refusal to provide references could mean they have something to try to cover up. Look for someone that is cooperative, honest and straightforward about their previous clients.
Another tip is to use the Internet search capabilities to find a debt counsellor. If a company has a poor reputation, more than likely, you can uncover information through a forum, blog, or social network. People often set up websites for the sole purpose of being able to post complaints about a company. But they can actually be quite helpful. Don't go based on one negative rating, but if there's a collection of poor ratings, consider another company. These people are more than likely ranting online because they were in fact treated poorly by a debt counselling business.
Use these tools wisely, but more than likely, if you are seeking out debt counselling, you probably don't have money just to throw away toward some fly-by-night business that may get you in deeper than you already are. Do whatever it takes to protect yourself against someone trying to scam you or promise you results that they can't accomplish. Keep in mind that if they really are a fly-by-night type of business, you won't be able to take them to court to collect damages if their company has dissolved.
Choose a company that will work in your best interest, is cooperative, has a great rapport with previous customers, has a record of those clients and truly is in the business with the sole mission to help you rather than rob you.
It's important to check out that they're a reputable company through the Better Business Bureau and it will help you gain some confidence in your decision. This is not a guarantee because they are one-sided with their information, only having access to filed complaints. If they're a new company, they may not have any cases against them. Nonetheless, this is the best place to start your search for a credible debt counsellor.
The other way to search out reputable debt counsellors is through word of mouth from previous clients. If they are confident in their service, the counselling company will not mind providing you information about their prior clients. Beware though, it could be false or inaccurate information. If they are actually a reputable company, there should be a release form that will allow them to provide you with information about other clients' experiences.
If the debt counselling company is near your neighbourhood, you may even have acquaintances that have used their services. Also consider background checking the company through the Attorney General's Office to ensure that the company you are considering has not done anything illegal or against the requirements of good standard business practices.
One hint: if the debt counselling centre is not willing to provide you with prior information about their successes and references, it is best to just move on and find a service centre that is willing to cooperate. Sometimes this gesture of refusal to provide references could mean they have something to try to cover up. Look for someone that is cooperative, honest and straightforward about their previous clients.
Another tip is to use the Internet search capabilities to find a debt counsellor. If a company has a poor reputation, more than likely, you can uncover information through a forum, blog, or social network. People often set up websites for the sole purpose of being able to post complaints about a company. But they can actually be quite helpful. Don't go based on one negative rating, but if there's a collection of poor ratings, consider another company. These people are more than likely ranting online because they were in fact treated poorly by a debt counselling business.
Use these tools wisely, but more than likely, if you are seeking out debt counselling, you probably don't have money just to throw away toward some fly-by-night business that may get you in deeper than you already are. Do whatever it takes to protect yourself against someone trying to scam you or promise you results that they can't accomplish. Keep in mind that if they really are a fly-by-night type of business, you won't be able to take them to court to collect damages if their company has dissolved.
Choose a company that will work in your best interest, is cooperative, has a great rapport with previous customers, has a record of those clients and truly is in the business with the sole mission to help you rather than rob you.
The author gives South African advice on finding debt counselling.
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