Best Debt Settlement Companies – How Best to Locate & Compare The Top Companies

There can be no real guarantee of success with debt settlement until after you’ve done proper research into the benefits and practices of the top ones. When it comes to research into this area, there is no substitute for hard work and this article will show you how to go about this in the most effective way possible. You’ll also see how best to locate the best debt settlement companies and how to evaluate your choices once you find them.

There will always be some gap in performance and reputation among debt settlement companies, so when making judgments, take care to get a good feel for what consumer feedback say about a company. Pay close attention to any negative feedback that may have been gathered on consumer websites such as the Better Business Bureau.
Your due diligence research should establish several things about a particular debts settlement company. One of the main things it should establish is whether or not the company is a member of The Association of Settlement Companies (TASC). This is the industry regulator and association for all companies who offer debts settlement advice, and so not being included in their membership should be taken as a red flag.

You also want to be certain the company has been performing debt management for at least one year. The more experienced companies will provide a higher likelihood of success as relationships with major creditors cannot be established overnight. The final thing to determine is if the company is affiliated with the Better Business Bureau (BBB). If it is a member you can breathe easy knowing that this company has a trusted reputation and is worthy of your consideration..
You must also establish how long a company has been delivering debt settlement services and the general rule of thumb is that 12 months is a good time period. This will give you enough data to evaluate a companies effectiveness. As mentioned above, the Better Business Bureau (BBB) is also a good indicator of good the company’s reputation is so always establish a connection with this organization and the company.

Finally, one sure-fire way to locate the best debt settlement companies, is to seek out debt relief networks. These are standard setting bodies that give oversight to how debt settlement companies operate. Companies cannot become part of these networks unless they are practicing above board and efficient debt settlement services. Once you seek out only companies in such networks, your success will be assured.