Debt Settlement Scams

As the Industry of debt settlement has grown there have been many offices open and close almost over night. Here are a few things to cover with your debt settlement company to confirm their best interest is real and favors you and your unique problems.
* Are they IAPDA Certified? IAPDA Certifcation confirms the level of knowledge of the office or agent working for you. There is extensive testing involved in order to become certified.
* Are they listed with the National Chamber of Commerce? This confirms their office is welcome and in good standing at a National Level with the Unuted States Chambers of Commerce.
*Have they been in the industry over 10 years? This confirms they have built a reputation and developed contacts at the banks you owe money to.
*Do they fully understand your rights as a consumer on both state and federal levels?
*Can they provide "real letters" from past customers?
* Do they have a "perfect" BBB report. "Yes some of us do have perfect reports"
Doing your homework is vital to your growth. If They just sign you up without looking into your finances RUN, and stop taking their calls.
In most cases, the debt settlement company will put you in a payment schedule to take their 15% over a short period of time. A debt settlement company that has your best interest in mind will have a reduced fee of 10% and work with you based on your financial needs. In addition they need to put an actual amount in writing they must settle for in order to get paid. That is a great option and solid guarantee in debt settlement.
The Debt Settlement Scam:
They "promise unrealistic results"
You feel like your buying a new car when you talk to them, as they are trying to sell you". In Most cases these sales people or Financial analyst are making 100k-150k based on closures and new clients.
When they stop returning call and or emails
When the first person you talked to is not there any longer "a high turn over rate is a sign of an unhappy structure and poor environment".

Tom Bates
CEO,President
Absolute Debt Solutions
http://www.absolutedebtsolutions.com