Signing up for a debt settlement program is a great way to pay a “settlement” and get your debt resolved in a timely and hassle-free manner. However, jumping straight into the process isn’t always the right approach.
Before you partner with a debt relief company, make sure you ask yourself and their team the right questions. Timely, comprehensive research, questioning, and preparation will help you make the most out of the debt settlement process.
In this blog, we’ll offer a closer look at three things you should consider before getting started. Let’s dive into it.
1. Determine How Much You Will Pay
Finding the right debt settlement company isn’t just important; it’s imperative. Make sure you’re not paying an exorbitant sum that comes close to the total amount you owe. That would be counterintuitive.
Shop around and find a company offering quality debt settlement services at fair prices. We also recommend speaking with your friends and family members for more insight.
Moreover, look for verified reviews on Google. The more you research, the better. You’ll manage to protect your financial standing as much as possible.
2. Find a Company That Prioritizes Transparency
Many people make the mistake of being hasty. You may feel panicked about your debt and want things to be taken care of immediately. And that’s completely understandable. However, you shouldn’t rush the process under any circumstances.
Take your time, dig deeper, and make an informed decision that helps you instead of hurting you. One way to protect yourself in this situation is by partnering with a company that prioritizes transparency.
Your debt settlement advisors should provide all the information upfront. Moreover, the information shared should be accurate and updated. Make sure you are clear on the fees, terms of service, conditions, and the settlement period. Additionally, you should also estimate how much debt will be knocked off.
3. Inquire Into Their Experience and Expertise
The debt settlement process can get tricky if you take the wrong step. If you put your trust in the wrong company’s hands, they can easily hoodwink you. As you navigate the process, make sure you inquire into each shortlisted company’s experience and expertise.
How much debt have they settled over the years? How much experience do they have? Have they worked with clients who are in a similar position as you? Look for a company that has at least ten years of experience. They should also have a lot of successful cases.
At American Debt Enders, we have a razor-sharp focus making the debt resolution services and the whole process easy, straightforward, and quick. We have over 15 years of experience providing quality debt validation services across the US.
If you’re ready to get started, give us a call today. Our team will answer your questions, including the following FAQs:
- What do I do if I don’t qualify for a consolidation loan?
- What are my alternatives to bankruptcy?
- What should I do if I can’t pay my debts and don’t qualify for a consolidation loan?
- What is the least expensive form of debt relief?
- What is debt validation?
- How can I become debt-free and only pay a fraction of my debt?
- Can I pay for my debt program with FDCPA violations money?
You can also keep up with our blog for more insight into debt relief services and debt counseling. We’re always happy to help!