Debt settlement companies can be relatively sneaky, and if you're wanting to know what they aren't going to tell you, I wanted to tell you from personal experience on what you should look out for.
Yes, there are some great settlement companies out there, but you need to know how to find them.
As long as you can find one that works for you, they can do a great job.
Check with the BBB: When you're looking for a legit debt settlement company, always make sure that you're looking for a company that's going to be rated.
I know that there are a lot of companies out there that aren't with the BBB, but what you're going to find out is that the ones that have a good ranking, are the ones that you want to trust.
The fees: Oh, the fees.
Debt settlement companies love to charge fees.
Make sure that you get a fee schedule.
You will want to know how much you're going to be charged for every transaction that's made, etc.
Most companies try to keep this hush-hush.
Get a schedule: How long is this going to take? You want this all written down on paper.
You will want to know how long it's going to take you to get your debt down to 0.
If they say, "OH, maybe a few years", or so, this isn't good enough! Get it written down on the exact date you'll be debt free.
Settlement companies can help you out.
You just need to do your homework, and as long as you can accomplish these things, you're going to find out that it's not that hard to find a company that's going to work for you.
Use your head, follow a few tips above, and let's hope for the best when it comes to your debt!