You should know the success rate of the company which you want to choose for your debt consolidation services. Knowing that will allow you to think whether you are taking any risk or not with that company. You can verify the claims of the consolidators from the present customers of the company.
2. Check the license
It is mandatory in most of the states that any debt consolidation company is licensed. So never forget to verify it and at the same time cross check the validity of the license of your consultants.
3. Fees
It is a must to be known that the FTC has put a ban on the companies from making any upfront fees. So next time if any debt consolidation company asks for it, then let them know the rule. Never go for any agreement with the consolidation company only as you may become a victim of debt consolidation scam.
4. Ask your relatives
Before you go for any consolidation company to consolidate credit card debts, try to have a talk with your friends and relatives, so that you can know the working of the company. If they have any previous relations with a company the vote should most probably go for that company.
5. Mailing details of the company
Never go for a debt consolidation company which tries to hide their mailing details. Ask them for their phone number, mailing details, fax numbers and also e-mail addresses, so that you can get in touch with them during any emergency.
6. Judge the privacy
Whenever you are dealing with a debt consolidation company know the ways they will handle your personal information. Ask the manager about the precautions they are taking to keep your details private, and also take a copy of their privacy manual.
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