Free Debt Relief - How to Find a Legitimate Debt Settlement Company in Your Area For Free

Added: (Wed Feb 03 2010)

Pressbox (Press Release) - Free debt relief is available for consumers in almost every state but you need to know where to look as there are many debt relief services that will try to prey upon desperate consumers and charge them for services that should be free. You should never have to pay for consultative services although many companies will try to charge you just for sharing their professional advice.

Also, never pay an upfront fee to a debt settlement company. There are many legitimate companies that are performance based meaning that they will only collect a percentage of the amount of debt that they can eliminate for you. This article will help you locate an established company in your area for free and show you how to distinguish between a legitimate debt company and one that might do you more harm than good.

If a debt company tries to charge you consultative fees just for giving you their professional opinion, they are probably not worth doing business with. Free debt relief information should be given by every company and you should never pay a dime until your debt is successfully settled for an agreeable amount.

You must be at least $10,000 in the hole to qualify for the free debt relief services of a debt settlement company. A legitimate company should be able to eliminate at least 50% of your unsecured debt. This 50% mark is just the average and settlements in the 70% range are not uncommon. So if you are $20,000 in debt, let's say that the settlement company is able to eliminate $12,000 of this amount leaving you with an $8,000 balance.

If you are able to pay the $8,000 in cash to settle the account then you should do so. If not, the debt settlement company will have a payment plan in which you pay into until the balance is satisfied. Paying down $8,000 is a lot less intimidating then trying to pay down a $20,000 balance that is accruing interest.

If you want to get out of debt and hire a debt settlement company for debt negotiation then I have an important piece of advice. Do Not go directly to a particular debt settlement company but rather first go to a debt relief network who is affiliated with several legitimate debt companies. In order to be in the debt relief network, the debt settlement companies must prove a track record of successfully negotiating and eliminating debt. They must also pass an ethical standards test. Going through a debt relief network will ensure that the debt company you are provided with is a legitimate and respected company. This is the most efficient way in finding the best debt settlement companies and increasing your chances of eliminating your debt.

FreeDebtSettlementAdvice.com is one of the largest and most respected debt relief networks on the marketplace today. To find a debt settlement company through FreeDebtSettlementAdvice.com check out the following link:

Free Debt Advice