While many credit card relief programs have received a bad reputation thanks to some less than honest companies, there are still many legitimate credit card relief programs available to help you get out of debt.
Consider the following guidelines to help your choose the right credit card relief programs.
First, you want to consider talking to someone you know who has been through a debt relief program.
This way you get a reliable source of information from those who have personally used the service.
If you don't know of anyone or if they can't provide you with good recommendations then take the time to look up three or four credit card relief programs that offer benefits similar to your situation.
Second, you want to go to the Better Business Bureau for the information needed to determine which program is legitimate.
Make sure the company doesn't have any unresolved complaints against them.
While there is bound to be complaints when it comes to credit card relief programs, the Better Business Bureau also reports any resolutions from both sides of the complaint.
An unresolved complaint means the company wasn't able to satisfy.
If there are a large number of unresolved complaints then you should avoid this company.
Third, you want to consider how the credit card relief programs pay your creditors.
Most companies will recommend you stop paying your card bills and this may be all right depending on your situation, but just keep in mind that the company may not be paying your bills right away.
Often this is done so the company can negotiate lower interest rates or settlements for you.
Lastly, the biggest indicator on whether or not you can trust a company is in the promises they make.
If they make outrageous claims about how soon they can resolve your credit or their ability to get rid of negative marks on your credit report then you should be careful.
By following these tips, you can find the right programs for your unique financial situation.
With just a little research and homework, you can save yourself a lot of frustration later.
Consider the following guidelines to help your choose the right credit card relief programs.
First, you want to consider talking to someone you know who has been through a debt relief program.
This way you get a reliable source of information from those who have personally used the service.
If you don't know of anyone or if they can't provide you with good recommendations then take the time to look up three or four credit card relief programs that offer benefits similar to your situation.
Second, you want to go to the Better Business Bureau for the information needed to determine which program is legitimate.
Make sure the company doesn't have any unresolved complaints against them.
While there is bound to be complaints when it comes to credit card relief programs, the Better Business Bureau also reports any resolutions from both sides of the complaint.
An unresolved complaint means the company wasn't able to satisfy.
If there are a large number of unresolved complaints then you should avoid this company.
Third, you want to consider how the credit card relief programs pay your creditors.
Most companies will recommend you stop paying your card bills and this may be all right depending on your situation, but just keep in mind that the company may not be paying your bills right away.
Often this is done so the company can negotiate lower interest rates or settlements for you.
Lastly, the biggest indicator on whether or not you can trust a company is in the promises they make.
If they make outrageous claims about how soon they can resolve your credit or their ability to get rid of negative marks on your credit report then you should be careful.
By following these tips, you can find the right programs for your unique financial situation.
With just a little research and homework, you can save yourself a lot of frustration later.
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