Where can you find a reputable debt management company?
June 3rd, 2010
Below is an answer to a debt question I asked. Im 70K in CC debt. You hear so many stories about these companies that say they settle debts and stories of how they really can’t do anything but just take your money. Does anybody know how to ferret out a reputable company that really does that service?
What I would recommend would be to talk to an accountant or get some information from a company who can help settle debt for a lower cost. If you do that and they project that you can settle your debt for say 15-25k,
Check with the American Association of Debt Management Organizations (also see link below) to find a reputable debt counselor. Also, some states maintain a list of debt counselors which have to fulfill certain requirements to be included in these lists. Check out the link below to find states with such lists at the bottom of the page.
Good luck!