Ways to find the right bill consolidation company

Make sure that you go through the following steps to help you get the right consolidation company or what ever debt relief option you choose:

1. Ask for recommendations – This is one of the best reliable ways to find a good consolidation company. You can ask your friends and family to recommend one from their personal experiences.
2. Shop around – You must shop around and get all the information about the consolidation programs and the companies that you intend to work with before you make your choice. Shopping around is the only way to get the best deal.
3. Contact a non-profit organization – There are many non-profit organizations that offer reliable services. Make sure that you get proper information about these companies before you apply for help. Make a thorough investigation to ensure that it is a legitimate organization and not a scam.
4. Check with the BBB – You must check with the Better Business Bureau (BBB) to to find out about the company’s track record and also check online for consumer reviews.
5. Ask questions – You must ask questions to the consolidation program representative before you sign up for anything. You must clear all your doubts before you sign up for the program.
6. Thorough review of your financial condition – Make sure that the bill consolidation company representative reviews all of your finances thoroughly before offering a solution. If you are offered a solution before that, it is better to look for another bill consolidation company.
7. Beware of false promises – Beware of companies that make big promises simply to draw customers. Promises like fixing your credit score and making you debt free instantly are simply fake. No organization have the legal authority to do this.

Remember a good bill consolidation company can help you get rid of your debts but a bad bill consolidating company will only worsen your situation.

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So then you get something in the mail, or you see online debt consolidation that promises to get rid of all your debt. Some of these guys are going to offer you free debt consolidation, or that they can reduce the amount of debt you owe by 50%, or other they can sort out your debt problems within weeks.

The best debt consolidation is going to be done by a company who is not going to charge you. There are some non profit debt consolidation companies out there, you just have to search. You might even try Christian debt consolidation, it can’t hurt.

You can do this yourself. You just need a few small bits of advice to help you along the way.

So, let’s say you owe $20,000. If you would call the company that you owe this money to, and say that you will give them $8000, don’t be surprised if they won’t settle with you. They would rather get something than nothing, wouldn’t you? So it’s important for you to know that you can do this on your own. And if you do it on your own, here are a few guidelines.

The first rule of debt consolidation is you don’t pay a settlement with a check from your personal bank account. Pay it with a money order or cashier’s check. This is because you do not want your creditor knowing any details about your bank.

You have to write on the check “if this check is cashed, that makes this account (fill in your account number here) settled in full”. You also have to tell them that if you make this settlement you want it to appear on your credit report as “this debt is paid in full”. Remember this guys, you want this to say paid in full. If it says settled then anyone who you are approaching for a loan in the future will know that this is an account that you have settled on and that you are a big risk, they will stay away you in their droves.

Now let’s say that you were our trying to approach an agency that has purchased your debt from a creditor in order to get credit debt consolidation. You have to make sure that if you are settling the debt that the original creditor cannot come after you, so you will be released from the original creditor for the difference between what you have settled on with the agency and what you owed to the creditor. They are sneaky!

If you follow these rules, you won’t be filing for bankruptcy.

So that’s it, if you do it this way you will have done all the consolidating bills yourself.

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