Learn The 5 Questions You Need To Be Asking About Becoming Financially Free!
With the economy the way it is many people are making a great choice to consolidate there debt, and many are turning to debt assistance companies. After checking out what kinds of things they can do for you, here are 5 important questions to ask about your debt.
1) Can you Provide References?
You want to ask for references to see how satisfied other customers are, and what they have done for them. Getting references will give you more insight to how your company does there business then any ad they will put out. Make sure you can get references.
2) How will you safeguard my information against Identity Theft?
There would be nothing worse then trusting your information to a debt assistance company and have them sell, or lose your information to an identity theft. Make sure they tell you all the ways that they will safeguard your information.
3) How long until I can pay off my debt?
This will be something you want to know. Weather you are consolidating your debt, or have a debt counselor you will want to know exactly how long you will be in there program, and how long it will take to pay off your debt. Remember to give them enough time to negotiate with your current creditors though!
4) What if I want to move my money, or just suspend payments for a wile?
Most of the debt counseling companies do not like you to stop, or suspend your payments to your creditors simply because they are making money off you. Make sure that you can get out if you need, or for some reason suspend your payments. It's always a good idea to have an exit strategy just in case.
5) How are you funded?
You might be surprised, but many of the programs out there are funded by the government, private organizations, or thought some of our nations largest banks. If something seems a little off about where they get there funding, just get out.
All of these questions will bring your debt assistance company into perspective. Remember, getting out of your debt is what you want! When you find a company that helps you do that, you are on your way to financial freedom.
1) Can you Provide References?
You want to ask for references to see how satisfied other customers are, and what they have done for them. Getting references will give you more insight to how your company does there business then any ad they will put out. Make sure you can get references.
2) How will you safeguard my information against Identity Theft?
There would be nothing worse then trusting your information to a debt assistance company and have them sell, or lose your information to an identity theft. Make sure they tell you all the ways that they will safeguard your information.
3) How long until I can pay off my debt?
This will be something you want to know. Weather you are consolidating your debt, or have a debt counselor you will want to know exactly how long you will be in there program, and how long it will take to pay off your debt. Remember to give them enough time to negotiate with your current creditors though!
4) What if I want to move my money, or just suspend payments for a wile?
Most of the debt counseling companies do not like you to stop, or suspend your payments to your creditors simply because they are making money off you. Make sure that you can get out if you need, or for some reason suspend your payments. It's always a good idea to have an exit strategy just in case.
5) How are you funded?
You might be surprised, but many of the programs out there are funded by the government, private organizations, or thought some of our nations largest banks. If something seems a little off about where they get there funding, just get out.
All of these questions will bring your debt assistance company into perspective. Remember, getting out of your debt is what you want! When you find a company that helps you do that, you are on your way to financial freedom.
