Minneapolis, MN (PRWEB) May 28, 2014
Minnesotans saddled with big debt have options available online in the form of debt relief providers. Unfortunately, some of these companies are frauds and have scammed residents of Minnesota out of hundreds of thousands of dollars. As one Minnesotan pointed out, “these companies prey on unsuspecting people that are in desperate straits and willing to sign up for any program that promises to help them become debt free.” Fortunately, the company BestDebtConsolidationLoans.org recently did a study of debt relief companies available online and found that there are ones that can be trusted to operate in an ethical manner and to deliver on all of their promises.
While Minnesotans have an average credit score of 739, which is on the high side, and average credit card debt of just $4591, there are still residents of the state that are having a problem paying off their debts. Minnesota’s unemployment rate may be just 5.2% but with a total workforce of 2,641,110 this means that there are about 137,000 Minnesotans still unemployed. The costs of housing, fuel and food continue to rise, which puts additional pressure on those who are struggling to pay off their debts. In addition, this is made worse by the fact that many Minnesotans are simply not very good money managers.
The survey done by BestDebtConsolidationLoans.org of debt relief providers focused on six factors – customer service, business ethics, financial standing, customer satisfaction, fees and debt solution alternatives. Based on these criteria, it found that the top three debt consolidation loan providers available online are National Debt Relief, CuraDebt and American Debt Enders.
Of these three BestDebtConsolidationLoans.org ranked National Debt Relief as the best option. This was due to how well the company scored on the six criteria used by BestDebtConsolidationLoans.org in analyzing these companies, along with several other factors. For example, BestDebtConsolidationLoans.org awarded National Debt Relief very high marks based on how ethically it treats its customers. As an example of this, the company charges no upfront fees and has a very generous cancellation policy. In fact, its customers can cancel out of their programs at any time without being charged any fees. The funds that are sent to National Debt Relief by its customers are put in FDIC-insured trust accounts that can be managed only by them. This means none of its customers’ funds can be used for anything without their approval and consent.
BestDebtConsolidationLoans.org also liked the fact that National Debt Relief specializes in working with families and individuals that have more than $7500 in debts and provides them with debt consolidation programs tailored to their specific needs. Another important factor was that National Debt Relief has regularly maintained an A rating with the Better Business Bureau and that its customers are almost always “very satisfied” with the services they received from this company.
National Debt Relief spokesperson Paul Ritz responded to the news of his company being rated the best option for debt-saddled Minnesotans by saying, “We take great pride in the efforts we put into saving our customers money and helping them become debt-free. The fact that we were top rated by BestDebtConsolidationLoans.org shows that all our efforts have been worthwhile."
The company ranked second by BestDebtConsolidationLoans.org is CuraDebt. One reason for this is because the company has excellent working relationships with the credit card companies and is almost always able to provide its customers with satisfactory settlements of their credit card debts. CuraDebt works mostly with families and individuals who owe more than $10,000 in credit card debts. It offers flexible programs for credit card debt reduction and also for student loans, tax debts and defaulted loans.
American Debt Enders has been in business for only about seven years but was ranked third best debt consolidation loan provider by BestDebtConsolidationLoans.org. This company specializes in working with people who owe more than $5000 and its debt counselors can handle virtually any type of credit problem. In fact, it is said that American Debt Enders’ counselors can even sometimes help customers improve their credit scores.
Minnesota residents who would like to learn more about the three credit consolidation loan companies should visit http://www.BestDebtConsolidationLoans.org.