subject: Negotiating A Debt Settlement Deal – Steps To Finding The Best Debt Settlement Companies [print this page] While negotiating a debt settlement deal, you must consider hiring a professional debt settlement company. However, the major concern is, where to look for and how to find the best settlement companies. Why has this concern come on the screen at all? Simply because of the fact that the settlement industry is full of fraud companies which feed on the money of the consumers by making a fool out of them.
This has earned a bad reputation for the industry as a whole and in order to fix that, the Federal Trace Commission has put a ban on the collection of upfront fees from the consumers. This law will be effective from 27th October. This new law in place will ensure that the shady companies are thrown out of the industry. Only companies with good reputation and strong capital strength will be able to survive. But, until then, you need to work hard to find out the best settlement companies. There are a number of ways in which you can do so.
First you can search the Internet. Use Google or any other search engine like Yahoo or MSN. The best search engine in the market is Google and the results returned by a Google search are trusted all over the world. The top four or five companies which show up in your search will be the list of the most trusted companies. They have TASC certification and have good feed back from Better Business Bureau. These companies have a proper license and they can show a proof of their non-profit status by showing the Internal Revenue Code 501 (c)(3) issued by IRS. These companies can be trusted.
Second, if searching the Internet is what you don't prefer, you can opt for debt relief networks. A relief network has the whole list of the most authentic companies and you can trust them. The companies listed in a relief network are TASC certified and they have the Internal Revenue Code. They are registered with Better Business Bureau and have a good track record. These companies also have passed all the tests of ethical standards which are required for the kind of service industry they belong to.
Finally, you can ask your friends and family members who have actually used these service and find out the best company in your state and approach t he company to help you. Remember that though these companies are non-profit companies, they will charge you a very nominal monthly fee and negotiate with the creditors on your behalf and help you to get out of debt!
Negotiating A Debt Settlement Deal Steps To Finding The Best Debt Settlement Companies
By: alvin stump
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