You in debt for as long as you already know. You realize you can not kick the habit. You will now resort to debt counselor. But what about people who have been saying about this service? They say that such programs (debt consultation) often give biased and do it. Worse, they even charge you for helping you.
The most helpful step you can do for yourself is a consulting agency to ask if it offers a debt management program ('DMP') or not. What this plan does is that it brings you into a repayment plan with your creditors. Also ask them (counseling), if they get paid a monthly fee for handling your rates. The truth is, you never want to work with agencies that provide "DMP". Why is that? Simple, conflict of interest occurs.
Which companies trust now? Well, you can look for those that do not offer the "DMP". Two good (in the U.S.) are Hummingbird Credit Counseling and Financial Literacy). Questions you need to ask your prospective financial advisor
1 How much is your fee? Also find out whether they need to do any setup and / or monthly fees. For each pricing, get it with a piece writing.0
2 Is there a formal written agreement? Before you sign any contracts with them, make sure this one thing, you read it first. Also be sure to make verbal promises in writing.
3 What if I can not afford to pay you? Then, if the company says they can not help you, you're in luck, in order to help you find a company that does not want to. Find another in this case.
4 Check their license Depending on where you live (the state), always make sure they have a permit to operate.
5 Review your experience and qualifications Look for things such as accreditation, and by whom is given the accreditation. Also for things like how the consultants are trained to ask. Better yet, make sure they are trained by a 'non' related party.
6 Do they like to protect your data? Things like phone number, address information, in addition to monetary information remain private at all times. Make sure that they are safe safe. The best advice is to ask for a privacy policy.
7 Knowledge about their company system Understand their cash flow. Ask them how they reward their employees (consultants). Do they pay more if you are interested in other programs or the companies pay more?...
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