Reputable Debt Relief Programs Can Help You

Reputable Debt Relief Programs Can Help You
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Americans are having a hard time making ends meet. The cost of living rises as the unemployment rates continue at present or higher levels. Millions of Americans are caught in the current debt crisis, but there are ways to solve the problem. The solutions can be found by working with one of the reputable debt relief programs that offer resources to manage and eventually eliminate debt. Only the best, most reputable companies will be able accomplish this task.

Factors to consider

There are a number of factors to consider deciding if a particular debt relief program that is suitable for you. Three main concerns should be addressed: Debt solution options; charges and upfront costs; and dependability. A good debt relief company should have many different solutions to eliminate or reduce your debts. Some companies only have one answer to debt reduction, but they claim it works for everyone. Not true.
The best companies do not charge based on the amount of debt they service. Stay away from those programs. First-rate companies take a percentage of the amount they save you. If they do not save anything, they are not paid. For example, let us say you have a past due amount on a credit card of $2000. The company negotiates the amount down to $1500. You save $500 and the company gets 15{8e6cf663dd8bbfda1f4fdd38af84969e57c1756d87f56947f5c326d1d8b26fdc} or $75.00 as a commission.

Dependability is the hard one. Make sure the company has a physical address, an email address and telephone numbers. Consumer protection agencies report there are hundreds of shady debt relief programs that prey on people who are desperately in need of assistance. They take your money and you never hear from them again. Check with the Better Business Bureau and Chamber of Commerce where the company is located. Do not rely on Dunn & Bradstreet or Chamber of Commerce reports. Those reports are written by the company, not the organization that publishes the information. In addition, remember the old adage, “If it sounds too good to be true, it probably is.”

Best-ranked debt relief programs

The No. 1 rated debt relief program according to 92{8e6cf663dd8bbfda1f4fdd38af84969e57c1756d87f56947f5c326d1d8b26fdc} of rating agencies is Curadebt (curadebt.com). It specializes in total debts of $10,000 or more and provides services to both individuals and small businesses. They are experienced in negotiating payment plans and have excellent relationships with creditors, lawyers, and collection agencies. They will combine your debt with others who owe debt to the same creditor and negotiate the total giving them greater leverage to get the best deal.

According to Curadebt, they reduce personal debts by 50{8e6cf663dd8bbfda1f4fdd38af84969e57c1756d87f56947f5c326d1d8b26fdc} up to 89{8e6cf663dd8bbfda1f4fdd38af84969e57c1756d87f56947f5c326d1d8b26fdc}. Their charges meet the best test barometer. They charge only a percentage of what they save you. Curadebt, a San Diego company, has been a member in good standing at the Better Business Bureau and the Chamber of Commerce since 2001.

Careone (careone.com) is another reputable debt relief program. They have many solution programs, and charge an activation fee and a monthly service fee, not to exceed $50 per month and may be lower depending on where you live. Careone handles consumer debt as low as $2500. They claim that most of their clients are debt free in 24 to 60 months. Careone website is easy to navigate and you can speak to a representative online.

Nwt Debt charges 50{8e6cf663dd8bbfda1f4fdd38af84969e57c1756d87f56947f5c326d1d8b26fdc} of your outstanding debts plus a monthly service fee that varies by account. Net Debt customers are told to stop paying their bills and wait until their debt increases. During this time, the customer pays an amount into a trust fund equal to what the customer would pay to creditors. Net Debt claims they can negotiate with creditors more effectively when you are far behind in debt and reduce the amount owed to an amount you have in your trust account. However, what if your trust account does not have sufficient funds to pay the negotiated amount? That question remains unanswered.

Credit Solutions does not give information on costs. Debt Consolidation America provides free advice, but you receive what you pay for.

Government assistance programs for debt relief

Government grants are one of the best relief options. Although grants are not as popular as debt consolidation loans, they are available to certain individuals. They may be right for you if you are seriously in debt and looking for a fund to pay off your debt provided you are eligible to apply for this government financial assistance.

The money you borrow on the government’s debt relief programs is nontaxable and interest free. You do not have to make a deposit and you do not need to support the loan with collateral. There are various considerations and restrictions for government assistance with personal debt relief. You can easily find all the information you need online to determine whether government assistance is available in your particular situation.

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