So you’ve finally decided on using a debt settlement program to help you reduce your debts so that you can pay it off. Great! Now where do you start and how do you enroll in a program? That is what we are going to discuss in this blog post.
Before diving right into enrolling in a debt settlement program, you need to know that not all debt settlement companies are good ones. Some of them have been involved in fraudulent activities and have been tagged by the Federal Trade Commission (FTC) as a scam.
Be careful about picking a debt settlement company. You don’t want to end up dealing with those bad apples. If you have doubts about a debt settlement company you’ve heard, recommended by someone, or found online, it’s best to do a research first before making a decision to sign a contract. Ask around and Google things up before everything else.
Choose a reputable company with years of experience
Stay safe with your choice by avoiding names that have just been around and don’t have any history of successful debt settlements yet. Scammers often get in and get out in industries; unfamiliar names that suddenly pop up with new websites are common red flags.
In addition, avoid debt settlement programs that ask for upfront payment for services even if they have not yet done anything at all. Likewise, avoid debt settlement companies that pressure you into making a decision right away. Getting into a debt settlement should be taken as a medium-term commitment on your finances; they should give you enough time to think and decide, otherwise, it would seem an impulsive decision that you might just regret.
Visit a brick-and-mortar office
One of the effective ways to avoid scam is to actually visit a debt settlement company’s brick-and-mortar office and talk to the real people operating it. If they are no scammers, they will not be hiding their identities online. Ask the questions you had wanted to ask over chat and get a feel of your experience with them. Are they polite to their clients? Do they attend to you professionally? Do they answer your questions directly and not dodge them instead?
Likewise, if you are not comfortable dealing with a debt settlement company purely via online chat, telephone, or e-mail, going to a brick-and-mortar office near you will give you more peace of mind. If you have a problem or complaint, you can easily drop by rather than wait for days for an online response.
In fact this is the case with some of the clients at Financial Rescue LLC. They want a debt settlement company that’s just a driving distance away from them so they can actually visit the place.
Enrolling in a debt settlement program
Enrolling in a debt settlement program is just a breeze. If you are visiting an actual office, you can fill out the application forms there and have them approved on the spot. Of course, there will be an interview and requirements such as a proof of identification, income and the debts that are applicable for debt settlement, namely unsecured debts. You will also be asked to provide your bank account from which your payments will be debited on a regular basis. This is part of the program so don’t panic or run away.
If you are miles away from an actual office, you can just call the debt settlement company’s hotline and ask them to send you an application form. You will be asked questions related to your debt and income so that they will know what type of program will suit you best.
Once your application is approved, you will sign your contract with the debt settlement company. You can do this either online or offline as well.
Lastly, make sure that you have read all the terms and conditions and ask if you have questions.