People who are in debt often find that they are confused and disoriented when it comes to finding the right solution for their problems. Being at a loss for a long time may not only cause the debtor bigger financial problems due to the accumulation of debt but also psychological problems due to stress and over thinking. Debtors find solutions for their problems by asking for some financial assistance from their family and friends. However, not all debtors are fortunate to find help that easy. Others seek debt help from debt solutions agency that promise to help them get out of debt. It is a good thing that there are many debt solutions company that offers services aiming to relieve debtors from the burden of having too much debt. However, just like any other enterprise, frauds or fake agencies will surface and plant themselves inside the industry. Since most people prefer to deal with the legitimate debt settlement agencies, they need to research for the accuracy of the agency’s claim.
Some debtors are clever enough to discover when the enterprise is real or not. However, not all have the intuition to know when they are fooled or not. Here are some things that can help you determine if the debt agents are real or not.
ü Incessant calls and frequent visits. This scenario usually happens when the debtor is unable to make timely payments. The calls and visits came from the creditors and not from agents. One should note that it is customary for the debtor’s responsibility to pay the visit to the debt settlement agency and not the other way around.
ü Professional fees, fees, and more fees. When the debt agency collects more than necessary, then you should be alarmed. Yes, it is true that some debt agencies have high service fees, but if every meeting they ask some service charge from you, you might better stop availing their services. Debt settlement agencies do not usually do business that way, and you should be aware of that.
ü Meeting place is not constant/ consultations are not done in the office. Legitimate enterprise usually has a permanent office, so if you are dealing with a debt agency, you should be talking with your debt agents in their office and not somewhere else. If your consultation is being done in different places, then you may have to investigate further and know the background of the company (assuming that the consultation is not included in the debt settlement service that they are offering).
Wednesday, February 24, 2010
Know if the debt settlement agency is licensed to help you get out of debt
Having financial obligations can take a toll on someone’s life. Regardless of the amount of debt, it can really cause a person stress, though some are able to resurface after being drowned with debt for quite some time. It is unfortunate for others to stay with their difficult situation because they do not know where to find help. Debtors are often disoriented when they are facing difficulty with their problems. Well, who wouldn’t? Debt can really stress someone out, and if you happen to have multiple debts, you will be stressed more than anybody else will.
Debtors often find themselves asking for assistance from their family and friends. However, not all debtors are fortunate enough to find help in such an easy way. Therefore, when they cannot avail help from their peers, they turn to debt agencies that offer services that can help them get out of debt. Good thing there are debt solutions enterprises that offer deals to consumers who are struggling to pay their debts. However, just like any other industry, some opportunists gladly take advantage of the consumer’s pitiful situation. For the debtors, beware. There are frauds and fake debt agents who will do anything just to lure you to their trap. Here are some tips that can help you avoid being their next victim.
Frequent visits and more calls. Usually, debt agents do not do business this way. Though some might call or pay a visit, it is not done on a more frequent basis. Therefore, you should take note if they do.
The boss is not there when you drop by at their office. Their boss usually manages enterprises or offices. The boss can be away for a couple of hours, but then again, they should be at the debt settlement office most of the time. Moreover, if you happen to notice that during your visits, the boss is not there, then maybe those debt agents are not working for anyone.
Their enterprise is not registered in the municipal hall.
Debtors often find themselves asking for assistance from their family and friends. However, not all debtors are fortunate enough to find help in such an easy way. Therefore, when they cannot avail help from their peers, they turn to debt agencies that offer services that can help them get out of debt. Good thing there are debt solutions enterprises that offer deals to consumers who are struggling to pay their debts. However, just like any other industry, some opportunists gladly take advantage of the consumer’s pitiful situation. For the debtors, beware. There are frauds and fake debt agents who will do anything just to lure you to their trap. Here are some tips that can help you avoid being their next victim.
Frequent visits and more calls. Usually, debt agents do not do business this way. Though some might call or pay a visit, it is not done on a more frequent basis. Therefore, you should take note if they do.
The boss is not there when you drop by at their office. Their boss usually manages enterprises or offices. The boss can be away for a couple of hours, but then again, they should be at the debt settlement office most of the time. Moreover, if you happen to notice that during your visits, the boss is not there, then maybe those debt agents are not working for anyone.
Their enterprise is not registered in the municipal hall.
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