Debt Settlement Companies - Characteristics of Legitimate Debt Settlement Companies

Debt settlement companies vary in terms of both their business practices and their overall effectiveness in settling debt. It is critical that consumers are aware of how the debt settlement business works before they talk with a debt company. This way you will know how to distinguish between a legitimate company and one that is inexperienced or even shady. If you are familiar with how the industry operates then you are much more likely to get a favorable deal on your settlement. Legitimate debt companies will be able to eliminate 60% of your unsecured debt on average however some inexperienced companies will end up causing you more financial trouble than you are already in. Learn how to distinguish between the two and get a favorable debt settlement.

Legitimate debt settlement companies will be a member of The Association Of Settlement Companies. They qualify companies based on their performance statistics and customer feedback. Not all companies will be a part of this accredited organization however the ones that are considered the best in the industry at debt settlements. They are the cream of the crop when it comes to debt settlements and it would be wise make sure that the company you are talking with is a member of this accredited organization.

Legitimate debt settlement companies will have a clear refund policy. If you cannot pay your settlement in one lump sum you will end up paying into an escrow account until the settlement in satisfied. The company should have a refund policy which will refund all your money in escrow if you decide half way through the process that you need the money back. You should also be able to decide what your monthly payment will be so it can meet your financial capabilities. Legitimate debt settlement companies will provide consumers with the flexibility they deserve and if a company seems to impose unwanted conditions I would look elsewhere.

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 settlement companies 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: