Consumer Debt Relief Options - Get a Free Guide For Finding the Best Debt Relief Options

March 17, 2010 - PRLog -- The current economic struggles and recession have caused many people to remain awake at night over their growing debt. The situation is even more grave for many. The pressure and worries over dealing with debt may have even created strive in personal relationships. For people in dire financial situations, locating successful companies can result in debt elimination, becoming free of stress, and regaining fiscal stability without the need for bankruptcy. With the vast number of debt relief agencies available, locating one that can offer the needed services and the top advantages can be overwhelming.

Relief companies offer several ways to eliminate debt: settlement, consolidation, loans, and management are only some of the services offered. With the numerous options available, how exactly does one narrow down his choices and ultimately find the most effective debt relief company? Here are a few tips in doing so:

o First, determine if you are eligible for debt relief services - whether it is a plan for consolidation, management, or debt settlement with lenders. These programs are not available to all and some plans may be a better strategy for your particular issues than others. Evaluate your finances before trying to find a debt relief agency.

o Create a checklist of conditions by which to evaluate a debt relief company. You can begin with the following criteria and supplement this list if there are additional factors you wish to evaluate:

- Is the agency certified by the organizations that regulate the debt settlement industry such as The Association of Settlement Companies (TASC) or the United States Organization for Bankruptcy Alternatives (USOBA)?

- Are the employed of the company accredited by the International Association of Professional Debt Arbitrators (IAPDA)?

- Does the firm offer satisfactory customer service?

- Does the agency offer an assurance in case the program does not perform to your expectations (i.e. in case of a debt settlement, the lenders are not receptive to debt settlements and no agreement is reached)?

- Does the company provide a range of settlement options that can be tailored to your specific financial problems?

- Are the company's clients happy with the assistance they have obtained?

o Gather recommendations from your lenders or your local state attorney general's office on legitimate debt relief agencies. You can also discuss potential debt relief companies with friends and family.

o Pay close attention to the fees the company demands. Find out if there are additional fees that will be imposed once the process is completed.

If you are looking to hire a debt settlement company for debt negotiation to eliminate your debt, listen to the following recommendation. Instead of trying to find the right debt settlement company on your own, find a debt relief network that is associated with multiple reputable debt companies. To qualify for the debt relief network, the debt settlement companies have to demonstrate a history of effectively reducing and eradicating debt. They also have to submit to and pass an ethical standards examination. By using a debt relief network, you are assured that to be matched with a reputable and trustworthy debt settlement company. This is the most effective method to locate the top debt settlement companies and improve your likelihood of getting rid of your debt.

Morgan is a financial professional with a keen grasp on the current state of this economy. She enjoys helping guide others to debt settlement solutions. There are many debt settlement solutions out there, however every consumer should be skeptical of exactly how much a debt settlement or consolidation company can help.

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