Monday, November 1, 2010

Free Debt Advice

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, 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)



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