Free Debt Analysis     (888) 986-9939


Best Debt Settlement Companies: How To Find One

By: Michael Millington

When unsecured debt grows out of hand, it can be hard to know what can be done to eliminate it. The most obvious answer would be to pay the debt off. However, if you don’t have the ability to pay off your debts you can find yourself falling deeper into financial ruin. While there are multiple ways to handle debt, one of the more beneficial methods is through debt settlement. The best debt settlement companies can help you to eliminate your unsecured debt while saving you money through negotiation. Here’s what to look for on your search for the best debt settlement companies.

What the Best Debt Settlement Companies Offer

- Transparency

When looking to resolve debt, the best debt settlement companies make sure you know what they offer upfront. Knowing what you get with debt settlement can help to influence your debt relief choice. Where some companies try to sell you on their services, the best debt settlement companies offer educational reading instead. When doing your research, the best debt settlement companies will have readily available reading to let you know exactly what they offer.

- Compliance

Debt settlement companies have to follow certain rules when doing business. The best debt settlement companies let you know what these rules are. One way to know if a debt settlement company is to be trusted is if they are a part of the AFCC. The AFCC (American Fair Credit Council) regulates debt settlement practices in favor of the client. The main rule they enforce is how debt settlement companies receive payment. Through the AFCC, clients are not required to pay for debt settlement services until their debt is resolved. This helps to avoid situations in which a client pays for services which are never rendered.

- Flexibility

While debt settlement programs can take time to finish, you’re not locked into the program itself. The best debt settlement companies give you the option to end the program anytime. When a part of a settlement program, you make monthly payments into an account that you control. The best debt settlement companies allow you to maintain control over this account. In doing so, you can withdraw money and end the program if you choose. While this may not be beneficial towards eliminating debt, it does allow you to maintain complete control over your money.

Common traits of the best debt settlement companies give you the best options with your money. These settlement companies offer transparency, compliance with existing rules and flexibility with your money. Having the most options with your debt and how you handle it are signs that you’re dealing with a reputable debt settlement company. Dealing with such a company gives you a better chance of eliminating your debt.