Debt Relief Programs - How to Save Money on Debt Relief Programs by Finding Legitimate Companies

Debt relief programs differ widely amongst one another and it is very important that consumers know where to find legitimate debt settlement companies in their area. There are some qualities that separate legitimate debt settlement companies from those that might be inexperienced or even unethical and this article will attempt to educate consumers on how debt relief programs work and where to find a legitimate company in your area. Finding the right company can end up saving you a lot of money.

Debt relief programs were created by debt settlement companies. You can qualify for the services of a debt settlement company if you are in debt for $10,000 or over. They have established relationships with all the major creditors and can bring significant leverage when negotiating debt. A legitimate and established debt company will be able to eliminate 50% of your unsecured debt in this market. This 50% mark is the average and the best companies can negotiate up to 70% settlements depending on the particular situation. Debt settlement companies have the leverage against creditors in this market and are making very generous deals fro consumers.

Debt relief programs can differ among different programs but there are a few things that you should clarify right off the bat. Ask how there fees work and when you have to pay them. Any company asking for an upfront fee should be avoided. There are plenty of legitimate companies that are performance based meaning that they only receive a percentage of the money they Save you. With a performance based fee system you can be assured that they are trying to eliminate as much of your debt as possible seeing as how they make more money when they save you more. Another important thing to clarify is how long the debt company has been in business for. You should avoid new companies and seek out those that are established. New companies often make claims they simply cannot deliver on.

If you want to get out of debt and hire a debt settlement company for debt negotiation then I have an important piece of advice. Do Not go directly to a particular debt settlement company but rather first go to a debt relief network who is affiliated with several legitimate debt companies. In order to be in the debt relief network, the debt settlement companies must prove a track record of successfully negotiating and eliminating debt. They must also pass an ethical standards test. Going through a debt relief network will ensure that the debt company you are provided with is a legitimate and respected company. This is the most efficient way in finding the best debt relief programs and increasing your chances of eliminating your debt.

FreeDebtSettlementAdvice.com is one of the largest and most respected debt relief networks on the marketplace today. To find a debt settlement company through FreeDebtSettlementAdvice.com check out the following link: