Debt Management Relief Service
Take time to investigate any debt relief organization and be wary of those that:
- Charges any fees whatsoever before it settles your debts - Don't Pay in Advance!
- Skip them if they pressures you to make "voluntary contributions," which is simply another name for fees.
- If they are touting a "new government program" that bails you out of personal credit card debt - that's a red flag.
- If any guarantee theycan make your unsecured debt go away - move to the next one.
- Never ever deal with any company that tells you to stop communicating with your creditors.
- Red flag any companies that tells you it can stop all debt collection calls and lawsuits.
- If they guarantee you that your unsecured debts can be paid off for just pennies on the dollar, be very wary. They may be able to help you do so but they cannot guarantee it as some creditors will accept nothing short of full payment.
- It almost goes without saying that if they won't send you free information about the services they provide without requiring you to provide personal financial information, such as credit card account numbers, and balances, move on.
- If they try to enroll you in a debt relief program without spending time reviewing your financial situation, how can they possibly know they can help you?
- Any offers to enroll you in a DMP without teaching you budgeting and money management skills should put you on the defense.
- Any demands from them that you make payments into a DMP before your creditors have accepted you into the program, you need to keep looking.