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  1. Investigate the cost.

How much money will this process cost you? When considering a debt settlement company make sure that their program is affordable for you and your monthly budget. Don’t fool yourself if you can’t afford the program and sign up for it anyway, this is just escalating your debt problems further. If you are able to afford the monthly payments for the debt settlement program to work for you, this is the best answer out there. Debt settlement is the best way to handle credit card debt, and the least expensive way out of debt, other than bankruptcy.


  1. See if they offer any type of guarantee.

Does the debt settlement company offer any type of guarantee for their services? And if they do, what is the guarantee? If a debt settlement company is unable to settle your accounts with your creditors, you should not have to pay a fee or the fee should be refunded. Also be aware to stay away from a company that promises you that this process will not affect your credit rating, and that they can fix your debt problems quickly. When you sign up for debt relief with a debt settlement program, yes your credit score will go down before it goes back up. This is the price you pay when your debt gets out of whack, but since you have been given major debt relief by using a debt settlement plan, at least you don’t have to file for bankruptcy and that is the good news. It is important to understand that if you do want to have a stable credit rating, you have got to pay your bills on time, because if you don’t, your credit score will drop significantly.


  1. Find out if they have local state legal support.

Does the debt settlement company that you are considering, have local legal support in your state?


  1. Check on bankruptcy assistance.

Does the debt settlement company that you are considering is discussed during your conversation about bankruptcy? Are they really offering debt Settlement program?


  1. Contact the BBB (or the website) to see if they are a member.

Is the debt settlement company a member of the Better Business Bureau? Debt settlement companies are not recognized by the BBB, so that doesn’t really mater. In some states the BBB has not allowed debt settlement companies to join the BBB because the BBB has a rating scale that has altered the rating of debt settlement companies between a grade of D or F, just because of their industry. This could have assisted some consumers in verifying the reputation of qualified debt settlement companies.