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Credit Card Debt Settlement – 5 Tips to a Legitimate Debt Settlement Company

You finally decided to go for credit card debt settlement instead of filing for bankruptcy with the credit card bills keep building up. Now you face a new dilemma. How do you choose the right debt settlement company with so many in the market?

Here are 5 questions to help you make the choice.

1. What’s the reputation of the company?

The track records of a credit card debt settlement company can speak volume. With the convenience of the internet, it’s easy to search for and review the feedback and comments on a company. You can also consult any relevant consumer and government publications. Better Business Bureau is a good place to start your research.

2. Is the company Better Business Bureau (BBB) accredited?

BBB accredited companies must meet certain standards to qualify for accredited business status and to remain an accredited business. The standards are a comprehensive set of best practices for how businesses should treat the public in a fair and honest manner. So a BBB accredited status is an indicator of business integrity.

3. Is the company a member of The Association of Settlement Companies (TASC)?

TASC promotes good practice in the debt settlement industry and protects the interests of consumer debtors. Being a TASC member gives you an assurance that the company meets certain standards of service quality.

4. Are the employees International Association of Professional Debt Arbitrators (IAPDA) certified?

An IAPDA member has completed the required training in debt arbitration and knows the legislative rules and regulations of credit card debt settlement. They are the experts in debt settlement and qualified to help you in this area.

5. Does the company make realistic promises and guarantee?

Look out for money back guarantee should the company fail to reach a credit card debt settlement on your behalf. But when the company starts making promises like wiping off your debt overnight or settlement not hampering your credit at all, it’s time you look for another company.

Finding a legitimate credit card debt settlement company can sometimes be difficult. The checklist of 5 questions will help you choose one that suits you. And with their help, you will be on your way to becoming debt free soon.

About the Author

What benefits do you get from credit card debt settlement that makes it so popular to get out of credit card debt? Find out why and grab more ways to take charge of your credit cards today with the right credit card debt help you need now at http://GetCreditCardDebtHelp.com.

Square One Debt Settlement – I’m ready to get rid of my high cc’s. This company contacted me and sounds good. ?

I open my own acct in my bank giving me control; pay them 15% the first 6 mo; next yr 60% I get paid/40% they get paid; next yr I’m fully investing into my acct for them to begin negociating. Payoff approx 28 mo. My debt is approx 20K. Anyone deal with these group. TASC is a mangaging partner of this group and the owner is an attorney. ?????

TASC is not a managing partner they are only an association formed to lobby congress. Those Square One fees are on the higher side of the scale when it comes to companies. According to the BBB they have only been in business since Sept 2007, not long enough to have a real track record. My company, US Consumer Advocate has settled two of my accounts only charged 10% over 5 months and 15% of the savings which gives them the incentive to get me the best deal and they have almost a 5 year track record. They are a member of USOBA, check them out I spoke with Steve.

What Is TASC? Is It Important Debt Settlement Firms Be Accredited Members?

debt settlement tasc