The best debt reduction service for you will ultimately be the one that steers you toward the right solution to your debt problems, and in the end actually gets you out of debt. I am a strong believer that ending up in the right type of debt reduction program will greatly enhance your ability to become debt free, and speed up the process.
My wife hates it when I use the phrase "there's more than one way to skin a cat", but when it comes to "skinning" your debt problems, there is more than one way to go about it. And a good debt reduction company can play a vital role in helping you to choose the best option for you.
A financial assessment and a detailed personal or family budget is an absolutely necessary first step in your debt elimination plan. In order to plan how you will get out of debt, you need to know exactly where you are starting from. And a reliable debt relief service will help you determine this.
And if the don't, you may risk being put into the wrong type of program simply because it's the only one that the company offers. Once your credit counselor has worked through your budget with you, they will then recommend a plan of action. This could range from a debt management plan, to debt settlement or bankruptcy depending on just how severe your situation is. The bottom line is that you want to feel comfortable that the advice you are getting is unbiased and that you end up in the best debt relief option for your situation.
If a debt help company has a favorable BBB rating they will usually post a link right on their page so that you can check them out easily. I recommend that you stick to companies with a BBB rating of A- or higher. The best debt reduction service will have helped a large customer base and have few complaints against them.
The best way to figure this out is to shop around. Find out what other companies are charging for similar services, and ask them to be very specific when quoting fees. Don't forget to ask when the fees will be charged as well as how much they will be. Remember, if you end up signing on for a debt reduction service, you could be working with the company for upwards of five years. I recommend that you speak with at least three separate debt companies before you make a decision.
Finding the best debt reduction service can take some patience and shopping around. And in the end, once you have narrowed down your options, you may just have to "go with your gut" to make your final decision.