When searching for the best debt negotiation companies it is important to research how long the company has been in business, fees, customer service, and company accreditations.
Due to today’s declining economy thousands of debt negotiation companies are jumping into the business. I see close to 10 new companies a day popping up online. With so many companies to choose from it becomes tough to find out who is truly one of the best debt negotiation companies. At the end of this article you will find a review of the top three companies in the industry.
Time in Business:
Any debt settlement company whom has only been around for a year is someone whom you need to walk away from. Yes there product might sound great but the fact of the matter is that debt negotiation is a process. Generally a debt negotiation program takes 3-4 years to complete. If you are speaking with a company who has only been in business for a year or two then odds are that company has never even had a client go through and complete the entire program yet.
Customer service is also very important when researching the best debt negotiation companies. The last thing you want is to enroll into a program and then find out that it takes them weeks to get back to you. Settlements with your creditors are often time sensitive. That is why it is so important to have a company with a great customer service record backing you up and is easily accessible when you need them.
With any business there are always watchdogs and government agencies in which you must abide by. The debt settlement industry is no different. The three main industry watchdogs that a debt negotiation company should be accredited with are NADRC “National Association Of Debt Relief Companies”, USOBA “United States Organization of Bankruptcy Alternatives”, and TASC “The Assocation of Settlement Companies”. A good debt negotiation company will be members of at least one if not two of these accreditation guidelines.
Debt Negotiation Fees:
Last of all things to consider when looking for the best debt negotiation companies is the fees in which the company makes. The going rate for a debt relief company is a setup fee of $100-$200. They also charge a monthly bank fee which is standard across the industry. And finally the actual negotiation fee in itself. The negotiation fee is going to run anywhere from 10-15% of your debt. It is also important to note that the negotiation fee should be spread out over the length of the program. Or at least 12 months. Many companies charge a larger portion of the fees in the first 3-4 months. Which means that for the first 3-4 months of the program all of the money you are paying is stictly going to fees. This is a huge mistake. It is extremely important that you have at least some funds going to your creditors and or savings account for the first couple months in the program.
We have taken the liberty and time to research and review hundreds of the best debt settlement companies available so you don’t have to. We have disregarded all of the sales hype and went strictly off of facts and results.
Our Top 3 Companies:
#1 Impact Debt Relief
#2 Eagle One Debt Settlement
#3 Freedom Debt Relief
To view a list and read more about the top debt settlement companies visit our website below.
All of the information is FREE and has been verified.