Compare Debt Settlement Companies Before Choosing - How to Use a Debt Settlement Matchmaker

Feb 8
15:47

2010

Matt Couch

Matt Couch

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You should always compare debt settlement companies before choosing one so you can get a few different perspectives on what you're best options are. T...

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You should always compare debt settlement companies before choosing one so you can get a few different perspectives on what you're best options are. The fact is that the debt settlement industry is a saturated market and there are new players entering the market everyday. So how do you know where to look for the most legitimate and established debt settlement companies? Well one very simple way is to begin your search through a debt matchmaker. A debt matchmaker will provide you with only those companies that have established themselves in the debt repair industry and proven they can successfully negotiate a debt settlement. If you attempt to locate a debt repair company by yourself you are risking choosing a company that is inexperienced or not as well leveraged as others in the industry. Just because a company has a flashy website or you seem to recognize their name does not mean that they are the best at settling your debt. Some companies will spend more on marketing than actually developing and improving their business. They could be amateurs in the debt repair industry but yet convey the image that they are the top dogs. The only way to ensure that you are dealing with legitimate companies is to go through a debt matchmaker. Debt repair companies have to qualify in order to make a top matchmaker's list. They have to be established,Compare Debt Settlement Companies Before Choosing - How to Use a Debt Settlement Matchmaker Articles usually over 1 year, and also have to prove that they have been successful in settling people's debt. The best debt settlement companies will be able to negotiate a settlement for 30 - 40% of your actually debt amount. So if you owed $20,000, you could expect to pay $6,000 - $7,000 and then have the rest eliminated. This will also have a minimal effect on your credit score. If you want to get out of debt and hire a debt settlement company for debt negotiation on your behalf then I have a 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 companies and increasing your chances of eliminating your debt. To find a debt settlement company through a debt relief network check out the following link: Free Debt Advice(http://www.freedebtsettlementadvice.com)