Several things are important to consider before hiring a debt settlement company. The company should earn a fixed percentage or scheduled dollar amount of your debt, and should never promise you anything you’re not eligible for. Beware of companies that tell you they can help you with “pennies on the dollar,” then disappear without solving your problem. Beware of companies that say they will reduce your debt by more than 70% of the total, only to disappear again without solving your problem.
Accredited Debt Relief
There are many reasons to choose an Accredited debt settlement company. Most of them charge between 15% and 25% of the debt you enlist. This is not too much to pay compared to the average industry fees. Furthermore, Accredited Debt Relief does not charge you until your debt has been settled. So, you get a lot of value for your money. And, you can save some money while doing so. So, what are the benefits of an Accredited debt settlement company?
The best thing about Accredited Debt Relief is their knowledgeable, caring representatives. I had a positive experience with the company and wish I had known about them sooner. The company offers a money back guarantee. And they only get paid when you achieve a debt settlement. That way, you can rest assured that you are not losing your money. If you are unsure if a debt settlement company is right for you, make sure to research them thoroughly.
When choosing an Accredited debt settlement company, make sure to check their accreditation and other credentials. Besides being a member of the Better Business Bureau, Accredited Debt Relief offers a single point of contact for all of your needs. And in a recent independent study, it beat Freedom Debt Relief. Other factors considered included the number of reviews available online, government action against debt settlement companies, customer service, and pricing. Fortunately, Accredited Debt Relief beat Freedom Debt Relief by a narrow margin.
Using an Accredited debt settlement company is not as risky as you might think. It does not take very long to get a debt settlement, and the process takes anywhere from twelve to 48 months. Accredited Debt Relief does offer free consultations, so be sure to check out their website before you commit to an expensive settlement. It is important to understand all of the details of their services before you choose a company to handle your finances.
Debt settlement companies will negotiate with your creditors on your behalf in exchange for reduced monthly payments. The banks and credit card companies know that you’ll probably never be able to make all of your payments. However, if you can make your payments to the debt settlement company, you’ll probably be able to save a lot of money. In addition to saving money on the fees, it can also prevent you from filing for bankruptcy.
You should choose an Accredited debt relief company based on their experience and customer reviews. Many of the top companies don’t charge upfront fees, and their reviews are generally positive. However, you can also check out the Better Business Bureau’s website to see if a particular company is accredited. If you don’t like the sound of a certain company, you can avoid them by looking for a better one. A good company should have a reputation for good customer service, and fees that are fair.
Freedom Debt Relief
Freedom Debt Relief is a debt settlement service that works to negotiate with creditor companies on your behalf. The company can knock off a percentage of your debt and collect a 15% to 25% service fee. The fee will depend on the state in which you live. If you have unsecured debt totaling $7,500 or more, you are eligible for Freedom Debt Relief. However, this option will negatively affect your credit, so you should make sure that your financial situation is truly dire before pursuing this service.
The best way to find a reputable debt settlement company is to research the service on trustworthy review sites. While long articles may look objective, they are often full of ads and sponsored content. Freedom Debt Relief is a reputable debt settlement company. Their reputation is a good indication of their quality, so you may want to consider a free consultation. If you’re still unsure, the company may offer a debt settlement consultation without any obligation.
While Freedom Debt Relief does not offer a live chat option, their online client dashboard lets you monitor your account at any time. There, you can upload documents and monitor your progress. The Consumer Financial Protection Bureau also maintains a database of debt settlement companies. You can find out if any of them have been penalized for unfair business practices or have received complaints. You can also file a complaint with the FTC if you are unhappy with their services.
Typically, consumers must have an aggregate debt balance of $7,500 to be eligible for Freedom Debt Relief services. These can include credit card debt, medical bills, and personal loans. Generally, consumers who qualify for this service must be in financial hardship, but private student loans can also be included. So, you should not be afraid of a debt settlement company – it can help you get out of a financial crisis.
The fees charged by Freedom Debt Relief are relatively high – as much as 25% of the debt amount negotiated with creditors. However, it’s important to remember that the company doesn’t charge any upfront fees – they only charge after the settlement has been agreed upon. The company also has no in-house attorneys and puts the onus on the client to secure legal representation. This can make the legal process difficult.
Freedom Debt Relief is an accredited debt settlement company that works with consumers who have over $7,500 of unsecured debt. It works with consumer loans from department stores, medical bills, and personal loans. In addition, it works with a consumer’s credit card debt that has a balance of at least $500. Federal student loan debt, mortgages, and utility bills are not eligible. It takes between 24 and 48 months to complete a Freedom Debt Relief program, depending on the amount of debt and financial situation.
National Debt Relief
If you’re looking to pay off your debt and avoid a bankruptcy, National Debt Relief is worth a look. Their debt management program is designed for people who’ve been in a continuous cycle of debt. Applicants must have an unsecured debt of at least $7,500 and a financial hardship. They must also give permission to pull their credit history. Although this company doesn’t offer any guarantees, their service has been praised by users for its prompt response times.
To begin the program, a client must deposit cash into an escrow account, which they will use to pay off their debt. The amount required is a fraction of the total debt owed, so the larger the debt, the more money you’ll need to deposit. Once the program has been completed, the money will be sent directly to the creditors. Afterward, the escrow account will be depleted, and any remaining funds will be paid back to the client.
Consumers may also choose to file for bankruptcy, which will eliminate their debt and clear their credit. But filing for bankruptcy is a complicated process that requires a skilled attorney. The top companies in this field include National Debt Relief. Their consultants are well-versed and efficient. Furthermore, they provide transparency, making it easier for consumers to understand their financial situation. National Debt Relief can help consumers with unsecured debts of up to $100,000.
Fortunately, National Debt Relief has a great reputation with consumers. The Better Business Bureau gives them an A rating, and its reviews on TrustPilot are 4.7 stars. Debt settlement programs may negatively affect a client’s credit score, but if they are completed successfully, the credit score will likely recover. Moreover, creditors are not obligated to work with debt relief companies and may file lawsuits against people who have stopped making payments.
While National Debt Relief can be a good option for consumers with high amounts of unsecured debt, it’s not for everyone. While it’s worth checking out if National Debt Relief works for you, make sure that you know exactly what to expect. The process can be lengthy and complicated, so it’s important to understand how long it will take to pay off your debt and restore your credit. However, once you’ve completed your debt settlement, National Debt Relief can begin the process of credit restoration.
A negative side to National Debt Relief is its negative impact on credit. Debt consolidation programs will result in a “soft pull” on a person’s credit, and it will remain on their credit report for up to seven years. If the client isn’t careful, National Debt Relief could cause a negative impact on their credit score. Regardless of the side effects, the service is a good way out of unsecured debt. However, it’s important to remember that debt settlement may have negative effects on credit and should be considered only after seeking professional advice.