You're done, you're finished, you're tired of hiding, and the thought of walking into a bank and asking for loan when you've already passed due an anbarrassment you do not want to suffer. You need a credit card settlement company to help you. Unfortunately there are a lot of debt settlement scams waiting to displace you of your money. You already down on your luck and these debt settlement scams can devastate you and your family forever.
You will want to do some homework complete and true so you do not get to write in one of these debts settlement scams. There are several ways that you can protect yourself so you can avoid a catastrophic situation. Using common sense will also help you navigate to a proper decision. Here are some ideas that you may be headed into a debt settlement scam.
1. Longevity of business- If the company your research has been around a long time, chances are you're OK. Debt settlement companies that are scams usually open and close fairly quickly. But they will open under different names and this is where you need to be careful. Set the foundation of questions down. How long have they been around? Who is the owner? And what companies have they work with in the past? This should be a good start to help you research and find out if they have been involved in a scam before.
2. Find testimonials- If you can not find testimonials on their site ask for some this is a good indication of their success rate. This will also help in deciding their performance. Clients are always more than happy to write a letter on a job that has been done to their expectations.
3. Up front fees- Debt settlement scams will more than likely ask for money up front not all but some. Regardless you should receive at least one free consultation before any money is exchanged or talked about.
4. Use your credit card company- A little crazy, but it can help. They will not likely give up too much info, but they may tell you who not to use. So do not be afraid to ask. Let them know you'll help them if they help you (do not forget they get the tax write-off when you choose the right company). Just have a little fun with them for a change.
Use your gut instinct too many families have been destroyed because of Debt settlements scams. The possibility of being scammed and having to file for bankruptcy is something we all want to avoid. Homework it was important then and it's important now. A little hard work can go a long way and help keep your roof over your head. Arming yourself with the proper knowledge is only one step. You need to take the initiative and speak to a debt settlement company. Remember waiting to long can hurt just as much as a Debt settlement scam can. Act now, but also be cautious of your decisions.