Finding the Best Credit Counseling Debt Relief Company Cambridge MA
Finding the Best Credit Counseling Debt Relief Company
Debt Relief Solutions - Finding a Credit Counseling Company that Works for YOU
∗Epic Debt Relief is not a credit counseling agency and does not affiliate with any such parties. The company serves consumers with debt settlement plans, and has provided the information below strictly for educational purposes for consumers in need of debt relief solutions.∗
It is important to understand that all consumers will have different views and opinions about the effectiveness of debt settlement and credit counseling based on their specific needs. Therefore, if consumers feel that credit counseling is what they need, they should have the information and tools necessary to choose the right agency to work with. There are many things to consider, including the variety of not-so credible companies out there who are preying on unsuspecting victims. Here are some great tips about choosing a credit counseling company to work with:
-Beware of the faulty non-profits. A true non-profit agency would be concerned about your interests, charge low or no fees, and focus more on education than getting their payment. There are many credit counseling firms that have become non-profit simply for the tax breaks and law bending that comes with the status. Just because a company is nonprofit doesn't mean that they are legitimate.
-Watch for fees. There are many different types of fees that can be assessed to consumers who seek out credit counseling services. One popular fee is the 'voluntary contribution' made by you, which is essentially a one-time set up fee. The company makes you feel so helpless and so glad to have found them that they can actually con you into paying this because of your desperate situation. Don't fall for it. Also be on the lookout for application fees, consultation fees, membership fees, and other charges. The reputable companies won't have this problem, but the ones trying to make a quick buck will slip in whatever fees they can just to make another dollar. Find services that have flexible fee schedules or those who will waive fees for consumers with special needs or a lack of funds to afford them.
-Find a licensed credit counselor. You would be surprised at how many people see 'non-profit' or take a company at their word simply because they are a professional service. Most states require licensure for credit counseling and you can check the status of any company that you consider working with before you enroll to ensure that you are getting a credible service.
-Check up on your progress. Watch your statements from credit card companies and other creditors to ensure that your bills are being paid and being paid on time. The best way to catch a faulty credit counseling company is by keeping an eye on your credit card bills. That way, you can catch them in the act of not paying, paying late, or otherwise neglecting their duties to you as a customer.
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