Accelerated Debt Consolidation, Inc. Offers Savvy Consumers Tips for Picking a Debt Management Company

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Don't Be Fooled By Debt Management Companies Offering Unusual or too Good to be True Guarantees.

Accelerated Debt Management is warning customers in credit distress to understand exactly how the services they are buying will help resolve their debt. Accelerated Debt Management, a leading debt management company, offers the following five tips so consumers can make the best choice for their financial situation.

Tip One – Don’t Confuse Debt Management and Debt Settlement
Debt management and debt settlement are two entirely different and distinct services. Debt management is aimed at resolving debt while retaining personal creditworthiness. Debt Settlement is a process of negotiating payoffs for accounts for less than the original amount owed. Debt settlement is never a good choice for credit consumers who are intent on maintaining their credit rating. Further information is available with warnings at Credit consumers carrying balances at high interest rates must pay off the accounts in full if they want to maintain a good credit score. The fastest way to pay off credit card debt is at lower interest rates and a legitimate Debt Management Program can accomplish this. A debt settlement firm will not.

Tip Two – Be wary of Companies Requiring Involved Preliminary Steps or Very Low Rates
There is no reason for any company dealing with consumer debt to require an upfront set-up fee. Changes in creditor’s policies make such fees untenable. There is also no good reason for companies to require new clients be approved or provide their personal account numbers prior to any service agreement. Consumers looking for the lowest possible monthly payment often fall victim to unscrupulous operations that lowball the payment requirement in order to entice distressed debtors to sign up for their service. Once the unsuspecting client signs up, they receive a letter stating that their payment amount is going up because their creditors have changed their policies.

Tip Three – Don’t Automatically Include Outside Accounts in Debt Arrangements
Debt management should be mainly aimed solely at eliminating consumer debt. Student debt, debts owned to credit unions or outstanding IRS obligations should not be included in a debt management plan. Credit unions and student lenders typically offer favorable interest rates, rates which are not further reduced through negotiation. By law, IRS debt must be handed separately from other kinds of debt.

Tip Four – Get Clear, Unambiguous Payment Terms
Rather than a range of interest rates or payoff times, debt management companies should be able to quote customers a precise repayment rate and exact term. Each credit card company reduce rates differently, but each settles on an exact rate. From that rate, it easy to calculate a precise repayment period. Legitimate debt management companies will be able to provide a prospective client with the exact payoff times for each individual account. Companies that cannot are either not experienced, working off a telemarketing script, or are perhaps inflating the repayment amount to hide their commissions. Detailed information on payment requirements can be found at

Tip Five – Don’t Do Business With Companies Offering Too Many Services
Debt management is a specialized service, requiring detailed, expert knowledge and intensive effort. Companies that offer services like debt negotiation, IRS Help, credit repair are often masters of none of those services. A company specialized in dealing the consumer debt can focus exclusively on finding a solution as quickly as possible.

Although no variations exist between different Debt Management agencies with regard to minimum payments and interest reduction, other considerations are important to address before choosing a Debt Management agency such as the company’s Better Business Bureau report, how they process proposals and payments and if they offer a guarantee. Complete information for what consumers should be aware of before choosing a debt management agency is available at

About Accelerated Debt Management
Accelerated Debt Consolidation is a full service Credit Counseling and Debt Management firm. Credit card debt can be drastically reduced through a properly administered Credit Counseling or Debt Management Program. ADC specializes in providing debt management services in reducing high interest rates on revolving accounts for consumers that must maintain credit. The firm offers a written guarantee – consumers pay no fees until the job is being done as promised.

Jim Young


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