Credit card debt relief online can be a scary proposition.
What companies are legitimate and what companies are scam artists waiting to take your last dollar.
If you're looking for debt relief, the scam artists know you don't have much money, but they're willing to take it nonetheless.
So be careful out there.
Here's what a legitimate settlement firm does and how to find a legitimate one: •A settlement company settles debts.
Your debts, if you can find a good one.
A settlement is a negotiating process between credit card companies, you, and a debt settlement company.
You would work with the settlement company to outline your credit debt, discuss various credit solutions, and then the debt settlement company approaches your credit companies with the master plan to settle your accounts.
Their intent will be to barter your debt and get the amount you owe reduced so you can pay off the debt faster and start to get your credit score back to normal.
The credit companies, in fear that you might file bankruptcy instead, are willing to negotiate.
Bankruptcy for them and for you is no-win, no-way.
That's the idea and that's the result.
But how do you find a legitimate settlement company online? •Finding a legitimate settlement company online - First, check into a settlement network.
Debt settlement networks will provide information on settlement companies that are expert at financial relief and have proven themselves time and time again.
Settlement networks have done the legwork and found those companies that are legitimate and will offer their services to find your debt solution, not scam you out of your last buck.
Companies recommended by a settlement network will be approved by the Better Business Bureau or other consumer advocate groups so you can be sure you're getting a company versed in debt relief and perfectly legitimate.
So if you need debt relief from your credit card debt, seek out a legitimate settlement company and find your way to credit card debt solutions.