Divorce, downsizing, or an unexpected illness can tear a smooth forward-moving budget into jagged bits of yesterday’s hopes and dreams. Those hopes and dreams can be rebuilt. But how does one think of planning for the future when the money isn’t adding up today? A goal-oriented debt management company may be able to help get you through today, set up short-term goals, and get you back on track for the financially solid future you were planning. Choosing from a long list of debt management companies for your circumstances can have a huge impact on whether or not you succeed, so doing some research before making a choice is imperative.
What To Look For In Debt Management Companies
First, walk away from a company that tries to pressure you into getting started right away or who can’t or won’t answer your questions about their business before you sign up. Next, you need to know if the company is legitimate. There are debt management companies being sued by the FTC for fraud and misrepresentation. If it is legitimate, does it have the licensing required by your state, if one is required, to do business there? While you are checking out the company, inquire about the training process that its employees go through. Also, check out the experiences others have had with the company. You can find many consumer sites online; including the Better Business Bureau. Next, find out exactly what fees each company charges. There can be set-up fees, monthly, and other fees. Assess the total amount and make sure that you can live with those on top of what you will be paying back to creditors. Make sure that will put their financial plan for you in writing with fees included.
What To Look For In Debt Management Companies
The reasons for financial distress can be as varied as the individuals requesting help. Debt management companies also come in many different varieties. As you narrow your search, consider what types of help you are most interested in receiving. Does the company that you are looking at have a cookie-cutter approach to debt management, or will they be personalizing a plan tailored for your needs? Do you need help not only dealing with the debt that you have now, but learning how make better budgeting choices in the future? Being honest with yourself, doing good research, and finding someone that you feel good about working with are the key that will help you put your financial future in the best hands before you ever step in the door.
Below are three debt management company reviews that are popular right now.
Debt Management Company Reviews
American Consumer Credit Counseling has been in business for 20 years and has an A+ rating with the Better Business Bureau. They provide credit counseling, debt management, housing counseling, and bankruptcy counseling. They provide many community workshops to educate consumers. They can also provide information on identity theft and home buying.
ClearPoint Credit Counseling Solutions is a non-profit resource that has been in business over thirty years. They are funded by grants, foundations, and by contributions from creditors. They are members of the National Foundation for Credit Counseling, the Council on Accreditation, they belong to the Better Business Bureau and are a HUD approved housing counseling agency. They too offer workshops to assist in money management and will tailor a program to fit an individual’s needs.
Debt Consolidation Care is an internet based debt consolidation company that is accredited by the Better Business Bureau. They offer debt management counseling and they too will work with creditors to lower your interest rates to help you get your debt paid down quickly. As with other companies they can help get harassing telephone calls stopped and may get late fees or over-the-limit fees waived. They advertise as a non-profit debt management option.
If you’d like to learn more about debt management companies or debt consolidation, head to the main site page for more information.
Related posts: