I read your wonderful article on Debt settlement on your website. This is the first time that I have come across a well-written explanation of this subject, and its different dimensions. Great Job! In your article, you make several references to reputable Debt Settlement Agents/companies. Where can I find a list of such companies? I would really appreciate your response. Thanks.
I am glad you find our articles on debt settlement useful. Bills.com strives to offer top quality information, tips, advice, and resources to help you evaluate your financial situation and choose the most appropriate solution with reputable companies, and in your case reputable debt settlement companies.
Since there are a number of options available to resolve your debt problems Bills.com provides a very useful, free tool, the Debt Coach. Debt Coach helps you analyze the different debt resolution solutions available- including debt settlement and credit counseling — and to choose the one that best fits with the goals you present to Debt Coach.
Many people, like you, have concluded that debt settlement is the best solution and want to find a reputable debt settlement company to work with.
In order to find a reputable debt settlement company I recommend that you take the following steps:
The American Fair Credit Council (AFCC) is the leading industry trade group in the debt settlement industry. Here are some of the reasons you would want to use the AFCC member list:
As you can see, AFCC has stringent rules which are monitored continuously, thereby providing an excellent list of reputable debt settlement companies. There are non-reliable companies and you should be careful not to deal with them.
USOBA (United States Organization for Bankruptcy Alternatives), another debt settlement industry trade group, does not require its members to comply with the FTC rules, such as not charging customers up-front fees, so Bills.com does not recommend any USOBA member debt settlement firms.
Bill.coms offers a free consultation with pre-screened providers. You’ll receive a free, no obligation consultation with a reputable debt settlement company, where you will review the details of debt settlement and be able to ask questions, to make sure that debt settlement is right for you.
Additional steps you should take to find a reliable debt settlement company includes looking at the IAPDA site and analyzing the particular company for its longevity.
IAPDA: Another effective step for finding a reputable debt settlement / resolution company is to determine if the company is a member of the International Association of Professional Debt Arbitrators (IAPDA). The IAPDA requires that its members have their debt consultants and account executives pass a certification test that requires them to understand and communicate the pros and cons of debt settlement to their clients.
Provider Reviews: You will be able to find many reviews of debt settlement companies that are based on individual experiences. These reviews can be helpful in giving an idea what types of experience people had with any given company (sometimes positive and sometimes negative, although it seems that people with negative responses tend to write more). However online reviews, even at sites containing multiple reviews, are not presented in a scientific method.
I hope this information helps you Find. Learn & Save.