Credit Card Debt Relief – A Guide to Debt Relief Companies and How to Choose a Legitimate Service

Credit Card Debt Relief – A Guide to Debt Relief Companies and How to Choose a Legitimate Service

Are you mired in credit card debt? It happens to many, many people all the time. That’s why there are some debt management/relief/counseling programs out there to help people get a better handle on their situation. Lenders themselves are often more willing to negotiate and be more lenient with those who join a credit card debt relief program.

You can always try bankruptcy, but that will leave your credit reports nearly unsalvageable for 5 or more years. It may not be too late to strike a deal that will make it easier for you to pay off your current debts.

Unfortunately, not all debt management/relief programs are beneficial. Some are outright scams. One thing you should always look for is a free savings estimate. Any potential charges should come later. It is also good if the company does not charge for counseling sessions. If you are eligible for some type of “Results Based Debt Settlement Program”, the fees you may be liable for should only be charged when your debts are settled. In other words, look for a credit card debt relief company that only charges processing fees AFTER your free consultation.

The ideal company will also be open and honest about what they can and can’t help you with. If you only need credit card debt relief, there shouldn’t be a problem. However, there are some debts that you will always be responsible for, such as lawsuits, government/auto/student loans, utility bills, mortgages, and other secured debts. Some states may have tax debt relief solutions and others may not, depending on the laws.

Membership in credit card debt relief companies

Pay special attention to memberships and certifications of specific debt relief companies. A good sign is if a company is certified by the IAPDA (International Association of Professional Debt Arbitrators) and a member of the US Chamber of Commerce.

As with any business in any industry, take the time to check for online business bureau ratings. You will obviously want to work with an organization in good standing. Read reviews from others who have also used online credit card debt relief programs. The number of years a debt relief company has been in business is also an important criterion. The better ones are at least 20 years old.

There is one company that meets all the requirements mentioned above and that is CuraDebt. Its services are available in many countries and you can easily get a free consultation on how the company can help you credit card debt relief.

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