The Top Debt Companies to Help you in a Financial Crisis
56Debt relief companies have
a mixed reputation. Some are credited with providing immense help for people
trying to get out of debt. But there are some that have been found to be
fleecing customers who are, after all, vulnerable, and often embarrassed about
their situation. Never sign a contract with a debt handling company in a hurry.
If they insist you have to sign on the spot, then walk. The ones that really do
help consumers don't have to pressure them into signing anything because their
work speaks for itself. Three debt relief companies that are worth your time
are Hoffman, Brinker & Roberts, DebtShield, and the National Foundation for
Credit Counseling.
Hoffman, Brinker & Roberts has been in business since 1995 and attempts to
negotiate better rates for financially stressed businesses and individuals who
are in debt by more than $25,000. The goal is to help the debtor and creditors
come to a mutually agreeable plan for paying off debt, perhaps with better
terms. Hoffman, Brinker, & Roberts is a member in good standing with the
Better Business Bureau Online Reliability Program and the BBB of Eastern
Michigan and Detroit.
Debt Shield is a debt settlement company in Columbia, Maryland. Debt Shield offers
services to individuals with over $10,000 in debt who are committed to avoiding
bankruptcy. Debt Shield clients must be behind on payments or on the way to not
keeping up with payments. Debt Shield advises that if you are able to make
monthly payments, debt settlement is not recommended because your credit score
will drop by using services like Debt Shield.
The National Foundation for Credit Counseling (NFCC) is a non-profit
organization that teaches financial responsibility and counsels debtors. It has
more than 100 member agencies and 850 offices throughout the U.S. Some people
know the NFCC by their former name of Consumer Credit Counseling Service
(CCCS). Members of the NFCC are identifiable by the NFCC member seal. This
group is committed to free or low-cost, confidential debt counseling services.
They give you a one-hour consultation by phone or in person to help you decide
of you need help managing your debt. Before the consultation you fill out a
form detailing your expenses. In many cases, the NFCC can negotiate lower
interest rates for you.
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