No one plans to be in debt but a combination of myriad factors lead to this unfortunate situation. However, once you are in a financial quandary, doors start closing and you realize there is a dearth of options available.
Ignoring Decisions Leads to Bankruptcy
The worst decision at this point is to ignore professional debt relief by assuming all these programs want to capitalize on your misery. Truth be told, there are some unscrupulous debt relief companies that will sign you up but do nothing.
However, there are professionals out there who offer invaluable training on your finances to get you out of a financial rut eventually. It goes without saying then that your choice of debt relief partner should be based on facts.
As such, consider these factors when signing for debt counseling services:
1. Free Savings Estimate
It might sound too good to be true but a dependable partner will look at your finances and give you a free estimate on expected savings. You are thus able to judge whether it is worth signing up for you to enjoy these savings and eventually get out of debt.
For instance at www.nationaldebtreliefprograms.com which is a debt relief service constantly getting 9.5/10 in reviews, you get a free estimate of 50% before fees or 30% after fees. You can then reconcile your finances to appreciate how much you will save and time you need to get out of debt.
2. Money back Guarantee
Debt feels like a yoke around your neck and you need to get off it as quickly as possible. At the same time, you don’t need empty assurances and this is the reason a money-back guarantee clause is critical in gauging reliability of a debt relief service.
3. Hassle Free Fees Structure
If a debt relief service is really after helping you, these professionals should appreciate your financial constraints. There should be no upfront fee, quotation fees, consultation fees, monthly fees or processing fees because in the first place you do not have money to pay for your debts.
4. Efficiency Debt Relief Service
You must assess how the program works before signing up. For instance, check whether the company communicates with creditors through Notice to Cease Communications letters to give you peace of mind. What’s more, a reliable service will offer to change contact details on creditors’ databases to their number for them to deal with incessant calls.
5. Credit Counseling
This is the most crucial part of debt relief service and any program you sign to must have professional advisors to work personally with you. These people will scrutinize your accounts keenly and come up with a comprehensive strategy to get you out of debt.
What’s more, lookout for tutorials, videos and other resources on a company’s website before signing up to ensure you can rely on its materials to become a better financial manager.
6. Debt Relief Guarantees
Time is of essence if you are in debt and you need assurance that within the shortest time possible your finances will be healthy enough to enable you start rebuilding your credit score. The best debt counseling service offers relief within 24-48 months.
Still staring at the wall? Just click away and get a reliable debt relief partner.