When it comes to trying to reduce debt, there is nothing worse than being taken and finding yourself worse off than when you began to try and resolve the problem. Unfortunately, there are a lot of debt counselors out there that are a lot more interested in making a buck rather than helping those in debt out.
To avoid being taken for more money, you need to do your homework if you decide to seek help from a debt counselor. Roger Sorensen puts together a few things you can do to help make sure the debt couselor you choose is on the up and up.:
Call the Better Business Bureau
Check with the National Association of State Charities Officials
Understand your contract completely
Get all oral promises in writing
Be wary of "voluntary fees"
Taking a few steps can mean a lot less hassles down the road and make sure that the debt counselor you pick is one that is there to help you rather than their own pockets.
Debt Counselors
May 31st, 2006 at 01:20 pm
May 31st, 2006 at 06:10 pm 1149099001
Your advice about choosing a counselor is quite sound and folks would do well to heed it!