When it comes to debt consolidation, try renegotiating with your creditors. They might require that you incur no extra debt while you try to pay off what you already owe. They're not under obligation to agree to renegotiation, but it can be to their advantage, too. Being a bit flexible can boost their chances of eventually collecting all of the debt.
Find out if your debt consolidation agency's counselors are licensed. Do they have certification by specific organizations? Are they backed by institutions that have a good reputation for reliability? This helps to determine the legitimacy of the company and whether or not it's worth pursuing.
Do not pick a debt consolidation just because they say they are "non-profit." Though it may surprise you, non-profit is not necessarily indicative of quality. Check the BBB's website to find good companies.
No comments:
Post a Comment