Sacramento, CA (PRWEB) July 10, 2012
Not sure how to choose a credit-counseling agency or debt-management company? These guidelines can help.
"You should be able to get decent, affordable credit counseling without paying any upfront costs," says John Willis, Operations Mangers at Consumer Benefits Alliance. Avoid companies that charge a large fee and promise to return it upon completion of a debt-management program. “It absolutely amazes me how many companies out there are charging fee’s in excess of $1,000 to enter these programs. It is unethical and against the law.”
"Get the facts," says Edward J. Johnson III, president and CEO of the Better Business Bureau in Washington, D.C. "Everything should be disclosed upfront. The costs of service should be straightforward and reasonable."
The Better Business Bureau also recommends that consumers only work with agencies that provide written agreements of the services to be performed; payment terms, including total cost; how long it will take to achieve results; any guarantees offered; and the counselor's name, business name, address and contact information.
How much time is the agency willing to spend with you to discuss your particular financial situation? Will they develop a plan tailored to fit your financial situation? Don't let anyone pressure you into a quick decision.
And you don't need to pay a credit counselor to receive a new payment plan from a creditor. You could simply call a credit card company and ask for help on your own. All they can do is say no.
Consumer Benefits Alliance has helped thousands of US Consumer get out of Credit Card Debt. For more information: 888-922-4415 or support(at)goconsumerbenefits(dot)com