Debt consolidating agencies
This settlement company assigns each customer a dedicated account representative.Your account rep will update you when a settlement is reached with one of your creditors and will be on hand to answer any questions.It can still be worthwhile, but make sure to include the fees in your savings projections.
As part of this program, you’ll stop making payments to your creditors and begin making one monthly payment into an account set up by the settlement company.
If you don’t meet the minimum debt amount, you’ll be referred to a credit counseling agency.
These are non-profits that can give you guidance on budgeting or enroll you in a debt management plan.
If you value customer service most, Freedom Debt Relief is a good choice as its customer service is highly regarded in the industry.
Customers get quick responses to calls and emails, and company representatives undergo three months of training before taking calls.Some states put caps on that percentage, but in general we saw a range of 15 to 20 percent.