How to Identify the Most Legitimate Settlement Companies in Your State - Use the Right Networks

Using a debt relief network will help you get in touch with a large number of debt relief and settlement service providers. How to identify whether the service provider is genuine or not? There are numerous tips and hints available online. Hence, you should not restrict yourself and you should check out various other tips and hints as well. There are some ways where you can identify the reputation of the company without even using the web.

Just find out how long the company has been working in the field of debt settlement. You may have heard of settlement just recently but this option has been available for quite some time. If the settlement company has been around for many years, then you can be assured that it is a genuine company. Of course, there have been instances where fraudulent companies have escaped regulatory action.

However, the recent action taken by the various states against unfair practices of settlement companies has weeded out most of the bad ones. Hence, if the company has survived the action and has escaped unscathed, you can be certain that you're dealing with a genuine company. This simple tip will help you quickly separate the good ones from the bad.

However, it would be incorrect to say that all new companies are fraudulent and all old companies are genuine. This is a simple hint which will be useful as a thumb rule. Once you have separated the two categories of companies, you should proceed to get more information about the various entities. You can make use of the World Wide Web and other offline resources as well.

Check out the website of The Association Of Settlement Companies and find out whether the company, old or new, is a member of the same. What are the advantages of relying on the web site of TASC? This association has a specific code of ethics and guidelines governing the calculation of fees and the manner in which the website must attract customers. You can use this affiliation to safeguard yourself against fraud.

There are other professional and trade related organizations and associations related to debt settlement and arbitration. Check out to these web sites as well. Remember that you cannot be too careful when dealing with debt relief companies. It is your financial life and well being that is at stake. The combination of online and offline resources should be good enough to secure the best deal possible.

If you are over $10k in unsecured debt it would be financially prudent for you to consider a debt settlement. There are organizations that exist called "Free Debt Relief Networks" that are a great place to start in locating legitimate debt settlement companies in your region. They provide free debt help and know where to locate the top performing debt settlement firms. To get free debt help check out the link below: