Consolidating debt with credit card companies

The agency should have been in business for at least seven years and be non-profit.

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It’s up to consumers to sort through the choices and determine which company meets the goal of eliminating debt.Some companies maintain in-house debt counseling to assist consumers.Others refer clients to a network of companies, credit counselors and debt attorneys that offer solutions.compiled information on six of the top debt consolidation companies in the United States and reviewed them based on services, fees, and reviews from the Better Business Bureau.Debt management, debt settlement, debt relief and debt negotiation are all bona fide plans for consolidating debt, but there are differences in the approach used to get a result.

Each one has a distinguishing feature that makes it an appropriate – or inappropriate – solution for your problem.Choosing the right debt consolidation company requires homework.Before you decide, you should contact several agencies and interview them the same way someone would interview you for a job.The last, but most important steps, in selecting a reputable debt consolidation company are reviewing your interview notes and narrowing down the list. To do this, contact the Better Business Bureau or your state's Attorney General's office to check on whether any complaints have been filed against each debt consolidation company.First, gauge your reactions to the information each company provided. If you were uncomfortable, cross off those agencies from your list. If there were complaints, find out how quickly the company responded and whether the complaints were resolved appropriately.After all, you're hiring the agency to help you, so you need to know whether it's committed to doing a great job for you.