If you feel it is time to take full control of your finances, debt consolidation could be an ideal option to select. You'll get back on track to pay your debt in full, and you may get reduced interest charges and monthly transaction costs.
Unfortunately, since most customers struggling to pay their debts are usually desperate to get help, some debt relief companies take advantage of their situation. It is necessary to know how to find a good debt relief company to avoid falling prey to exploitation.
Before settling on any debt consolidation company to attend to your debt relief needs, it is vital to consider its legitimacy. It helps reduce the chances of becoming victims of debt relief scams that will put you into more debt and lose more money.
How can you find reputable debt consolidation companies? Here are some factors you can consider to ascertain the company you're working with is reliable.
Accreditation
A good debt relief company should be accredited by the Better Business Bureau (BBB), which further rates the companies on a scale of A to F. Additionally, it should be a member of the American Fair Credit Council. The council supports, enforces, and advocates for the consumer rights of Americans going through financial difficulties and debt burdens.
Fortunately, sites like https://www.freedomdebtrelief.com have the necessary license to operate and is accredited by the AFCC. These are clear indicators the company is reputable.
Longevity Of the Company
It is imperative to consider the time a debt relief company has been in business. Generally, a debt relief company that has been around for 7 to 10 years shows a great relationship with creditors and earns customers' trust.
Experience is necessary for any debt relief company since it has a wide network of clients. Founded in 2002, Freedom Debt Relief has helped over 600,000 clients to resolve their debt relief issues.
Fees
A debt relief company that charges an upfront fee is most likely illegitimate. The law forbids any debt consolidation company from charging fees before delivering their services.
Before you work with any debt relief company, ensure that you know how much they charge for their services and the overall total amount it would cost you. After that, decide whether you can fully afford to work with the company.
Customer Service
Customer service is a very crucial factor to consider when selecting a debt relief company. Exceptional customer service is a way of ensuring trust and improving customer satisfaction. A good company should have experienced professionals ready to give prompt answers to your questions and offer services tailored to your needs.
Usually, a debt relief company with an excellent customer service rating will also have a good reputation for reliability and integrity. Proper communication allows you to understand how credit counselors are compensated, the major cause of your debt problems, and ways to avoid these problems in the future.
The greater the customer service, the higher the number of clients a debt relief company attracts. This speaks volumes for Freedom Debt Relief that has worked with over half a million debtors in the U.S.
Transparency
Always select a debt relief company that is transparent in its dealings. This includes its terms and conditions, services and practices, and enough information on its claims and guarantees to consumers.
The best place to rate the company's level of transparency is its website. A legit debt relief company should have websites that entail answers for the below-mentioned questions:
- Who are they? Do they have a page with their executive directors, operational hours, address, and contacts?
- What are the costs and charges for their services?
- The time frame for their program. How long should the debt payment process take?
- Customer service. Do they offer a personal counselor?
- How long have they been in business?
Conclusion
Understanding how to find a good debt relief company may not be a walk in the park, but with these simple tips, you may find it easier to separate scammers from credible debt relief organizations. For quality and professional solutions, you can reach out to Freedom Debt Relief.
