It is usually a cumbersome process to find a reputable debt consolidation company with all the existing fraudulent companies. It is possible to avoid dishonest organizations if you do your research and check top debt consolidation reviews.
The process of finding a good debt consolidation company is much better than carrying the burden of having many debts. Hence, be determined to do the work to get out of your bad financial state. Do not expect a quick fix when you get the appropriate company to collaborate with. You will have just started the process of clearing your debt, just in a more organized and simpler manner.
You need to choose the right professional to walk with, preferably a credit counselor. The fact that you are reading this article already demonstrates that you are wise enough to seek counsel. Read on to get more tips on the best way of getting a great debt consolidation company that will suit your needs.
By confirming that a company is accredited, you will be making a great step towards your debt consolidation made easy by not engaging with fraudulent persons. You can quickly do this by checking online, if the business is registered in your local business bureau. In your search, you can also check the ratings of the company compared to similar organizations in the scale of A-F.
Alternatively, you can call the recommended government office in your community to inquire about the financial organization. It can be a good idea to contact the attorney general’s office to check if there have been complaints regarding the organization. Do your due diligence! It will save you a lot.
Can a non-profit organization work for you?
Accreditation also matters a lot here. We live in a corrupt world, so don’t be surprised if some organizations say that they are non-profit when they are not.
Many upright organizations display their certificates of registration on their office notice boards for their clients to confirm that they are accredited. If you do not see any non-profit certificate displayed in their office, you can ask to see a copy for proof. Alternatively, you can check with the official charity umbrella organization in your area tasked with the responsibility of registering its members and ensuring that standards are maintained. You should look for another option if a debt consolidation company is hesitant to show you proof of accreditation.
Note that non-profit only means that the organization does not pay tax for what it earns. Many people confuse this term to mean that clients do not incur any costs with these organizations. That is a big misunderstanding. However, their rates should be lower than their ‘for-profit’ counterparts should.
One of the best qualities of a non-profit agency is getting financial resources and counsel free of charge, whereas you would have gotten such information and assistance at a high cost from other institutions. Working with a non-profit organization can be the best fit for you if you are very determined to get out debt. Their assistance will be helpful as you work on what got you into a lot of debt in the first place.
Be wary of double messages!
Another instance that you should walk out of is when an agent invites you for a meeting to discuss about the debt consolidation program, and then you find that he is now trying to explain other services except what you are looking for. You will realize that they don’t actually offer debt consolidation programs, but was trying to just get you on board for other businesses. Stand your ground and do not accept to be pulled over to any direction. It does not matter if the product or service is compelling. You have a goal, so stick to it. Such people are just among the many hindrances that you can face in your quest. Stay focused to be debt-free!
Does the agent act desperate?
If the agent calls you off the hook and acts in a manner that is less than professional, high chances are you will be saving yourself from future disappointments by walking away early enough. Corporate companies understand that taking a loan is an important decision that takes time. Quick fixes do not work – if an agent seems to be offering a quick fix, be sober! You may be with a fraudster. As they say, ‘If the deal is too good, think twice.’ You will know that the company may not be legit if they promise to offer you a loan in one to three days. Although it may sound exciting, have the bigger picture in mind.
Consider credit-counseling agencies
The basic things that you should look out for in a credit-counseling agency are its credentials. Does it have all the necessary certifications? Is the firm part of the counseling agency bodies? If a firm is serious about its credibility and brand, it will join the bodies in its industry. It is good to check if the firm is in a society (s) since it usually takes high professionalism and standards for a firm to be accepted to join such organizational networks.
Are the counselors trained personnel who have official credentials? You wouldn’t want to be trained by a hoax. Your finances are a highly sensitive issue that needs to be dealt with by an expert. Stable, accredited counseling agencies employ their qualified counselors to deliver the service. You should avoid working with organizations that pay their customers on commission basis, since the motive of the counselors will be to merely win you over and not necessarily have your best interests at heart.
You can know if a company is professional or not from the very beginning, if their way of working and agreements are by word of mouth. Fraudsters avoid putting things in writing, or offer write ups that are very vague. Collaborate with an organization that is open with its accreditation, has professional staff, and has a proven, good track-record. Take your time making your decision and seek counsel, and you will not regret your choice as you journey towards being debt-free.