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The good debt settlement firms are going to keep on top of that - they have people in house whose job that is - so that they can help the consumer the best they can,» Schumann - Dodson says.
A good debt settlement firm always trains its agents to help you understand what your options are and is very realistic with you about what to expect.
Not exact matches
But there is data available in the U.S. — where state and federal regulators have sparred repeatedly with
debt -
settlement firms — and none of it looks
good for the industry.
We're the only law
firm on Long Island that concentrates solely in
debt settlement and our commitment to the process has helped us discover the
best tactics for providing
debt relief.
For example, a
debt negotiation company who gets your creditors to accept a
settlement payment on your account is
better known as a
debt settlement firm.
You can complain about
debt settlement firms to the FTC at FTC.gov and / or to the
Better Business Bureau at www.bbb.org.
Your
debt settlement firm should explain how
debt settlement works and maybe they've tried, but they didn't do a
good job.
Members of the American Fair Credit Council, a trade organization representing
debt settlement firms, must agree to the council's code of conduct, which include complying with all applicable state and federal laws, conducting services in
good faith, and charging «fair and reasonable» fees.
In the vast majority of cases the
debt settlements come within the estimates given by the credit card
debt relief
firms as
well.
Remember that
good debt relief
firms do quite a bit of this type of
settlement, so they usually know in advance which of your particular creditors might get aggressive and when.
Sometimes the credit card
debt reduction
firm will put an account off to settle it in the future if they think more time or a change in account status will produce a
better debt settlement.
The
good news is there really are legitimate, white hat,
debt settlement firms — New Era for example — who can and do provide a valuable service.
Most reputable
debt settlement firms can refer you to a trusted bankruptcy attorney if you have detailed questions or if they determine that you might be
better served by speaking to them instead.
The other point I'll make is that smaller is
better in
debt settlement, meaning that smaller
firms and solo operators are
better able to provide the hands - on service people need.
Hiring a professional
debt settlement firm with a
good reputation can no doubt save you more money, give you
better advice, and get you out of
debt in a much less stressful manner, enabling you can move on with your life.
If you have large outstanding
debts, a
debt settlement program from a reputable firm like National Debt Relief has a better long term outcome than bankrup
debt settlement program from a reputable
firm like National
Debt Relief has a better long term outcome than bankrup
Debt Relief has a
better long term outcome than bankruptcy.