In recent months, we've seen many regulators and legal authorities in jurisdictions across the country signify official concern that an increasing number of companies which operate in the debt cures business today, are essentially debt relief scam operations that are out to cheat and dupe an overburdened debt-ridden population in a bad national economy. The most recent among those, is Attorney General Andrew Cuomo in New York, whose office had subpoenaed some 14 debt relief operations and one law firm in May 2009 from across the nation for investigations into their debt settlement operations.
When you are seeking financial relief you should be very clear in your mind about exactly what you are looking for. If you have this clarity you can make better decisions to avoid bad debt relief programs. Finding a legitimate program is not difficult if you know what you are looking for. The scammers are able to take advantage of people because many people do not have sufficient knowledge about the terms used in debt relief programs.
In its report of the findings of its investigations team just released in New York in mid May 2009, the Research division Director of the online research organization (see the link provided below at end of this article), stated that the review was prompted by the fact that, "Consumers seem more and more today to be turning to debt relief operations for ways to pay off debts in response to the current American economic recession... most of those companies are competing to out do each other in their claims that they have the best debt relief programs. In constant advertisements on the Internet, radio and TV, they purport to provide excellence and the best services to customers on ways to pay off debts... Consequently, finding a truly good debt settlement company by a consumer under such circumstances, is not at all an easy task."
The report adds, "With so many companies out there, they all soon start looking and sounding alike after a while, as are their TV, radio, and newspaper ads. So, how in the world can the average person tell what are good debt relief companies from the bad ones or the debt relief scams?"
If they want you to pay commission before providing services or do charge you for counseling be wary of them. You need to check them before you really enroll your debt case with them. You can verify the legitimacy of any fraudulent company by directly contacting credit bureau or Better Business Bureau.
Accordingly, in order to obtain a legitimate debt relief, you can go for a debt settlement company, but be careful when finding the best company, because there are some companies who will work solely for their own benefits as well as fraud companies can also exist. Thus, ask from a closed one or go for debt relief network that will provide you with necessary details regarding debt settlement companies and many more.
When you are seeking financial relief you should be very clear in your mind about exactly what you are looking for. If you have this clarity you can make better decisions to avoid bad debt relief programs. Finding a legitimate program is not difficult if you know what you are looking for. The scammers are able to take advantage of people because many people do not have sufficient knowledge about the terms used in debt relief programs.
In its report of the findings of its investigations team just released in New York in mid May 2009, the Research division Director of the online research organization (see the link provided below at end of this article), stated that the review was prompted by the fact that, "Consumers seem more and more today to be turning to debt relief operations for ways to pay off debts in response to the current American economic recession... most of those companies are competing to out do each other in their claims that they have the best debt relief programs. In constant advertisements on the Internet, radio and TV, they purport to provide excellence and the best services to customers on ways to pay off debts... Consequently, finding a truly good debt settlement company by a consumer under such circumstances, is not at all an easy task."
The report adds, "With so many companies out there, they all soon start looking and sounding alike after a while, as are their TV, radio, and newspaper ads. So, how in the world can the average person tell what are good debt relief companies from the bad ones or the debt relief scams?"
If they want you to pay commission before providing services or do charge you for counseling be wary of them. You need to check them before you really enroll your debt case with them. You can verify the legitimacy of any fraudulent company by directly contacting credit bureau or Better Business Bureau.
Accordingly, in order to obtain a legitimate debt relief, you can go for a debt settlement company, but be careful when finding the best company, because there are some companies who will work solely for their own benefits as well as fraud companies can also exist. Thus, ask from a closed one or go for debt relief network that will provide you with necessary details regarding debt settlement companies and many more.
About the Author:
Frank Miller has a Debt Consolidation Blog & Finance, these are some of the articles: Where To Go To Acquire Order Checks On Your Household Budget You have full permission to reprint this article provided this box is kept unchanged.
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