Today in the midst of a global financial mess everyone is looking forward for advice about how to handle their finances.
There are 100's of companies who show themselves capable of the service.
The big question is, are all of them good enough for taking advice? The obvious answer is no because we are all aware of unfair trade practices which malice's the name of the company and puts the customer in trouble.
Parameters of comparing Debt Settlement Companies.
1.
Services The services offered by the company needs to be compared.
The company needs to give free settlement advice.
Once when the customer agrees for the fee the company should be able to negotiate on the customer's behalf.
In case the negotiation process fails the company should be in a condition to help with bankruptcy.
2.
Fee The company should state the fee to the customer.
The company should also tell the customer at what interval the fee has to be paid.
The fee should be compared with settlement fee of other companies.
There are many companies who have a front load fee which should be avoided.
3.
Background Check To know more about the past performance of the company it is a great idea to do a background check through a.
Better Business Bureau b.
Ask for referrals c.
Talk to more and more people 4.
Terms and Condition The company needs to be open about terms and condition of work.
There are many companies which give a guarantee regarding the services provided.
There are many others who take fee only when the settlement is through.
Half way through the customer does not feel comfortable with the settlement process the money should be returned back to the customer.
After doing a detailed analysis the customer should go ahead and sign up a settlement company.
The customer should make sure that he does not fall in any further financial mess.