Many individuals are piled under heavy loads of debt and in order to get debt relief, they turn to a credit card debt relief company. It goes by without saying that credit card debt relief companies can help you get out of debt in a smart way but the problem with such companies is that they tend to rip people off. Most credit card debt relief companies charge their clients very high, which frustrates an already frustrated consumer.
However, having said that, you can select a credit card debt relief company without getting ripped by keeping a few things in mind.
Choose A Company That Is A Member Of TASC
TASC stands for Association of Settlement Companies and it is an association of different debt settlement/relief companies that keeps a close eye on their rules and standards. TASC is responsible for regulating every credit agency which makes sure that you, the end consumer, it protected from fraud. When you are choosing a debt settlement company, make sure you choose one that is a member of TASC.
Say No To Commission Based Fee
Companies that charge commission based fee are always on the lookout of ripping off customers and making easy profits. Select a company that operates at a reasonable fee and doesn’t take commission.
Check The Company’s BBB (Better Business Bureau)
Before selecting a credit card debt relief company, you should conduct some research and find out if the settlement company that you are thinking of selecting is BBB accredited. Moreover, also check the number of unsolved complaints that others have filed against the company you are thinking of selecting. Keeping a check of this will allow you to get a better understanding of how well the company has performed in the past.
Check Their Fee And Services Offered
Good credit card debt settlement companies clearly outline their services as well as fee charges. There are no hidden charges as such if you select a good company. Make sure you read the company’s fee and service plan and also make them explain to you the benefits you will get if you choose their company.
Choose Companies That Offer 30 Day Money Back Guarantee
Make sure you select a company that offers 30 day money back guarantee. Don’t pick companies that offer anything less than that.
Selecting a credit card debt relief company can be tricky because there are many companies that rip off consumers. However, by taking a few things into consideration and being careful and smart on your part, you will be able to choose the right debt settlement company.
|Tags: card, Commission, company, Credit, debt, fee, relief, rip, settlement, TASC|
|Posted in Personal Finance|