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How to Choose the Best Debt Settlement Company

Debt settlement companies are very helpful in maximizing your debt settlement but choosing the wrong debt settlement company can set you back further.  Listed below are the top criteria for choosing the right debt settlement company:


  1. Are they a member of TASC, (The Association of Settlement Companies).  TASC is the leader in the field for creating standards for the debt settlement industry.
  2. Are they going to save you at least 40%?  You should be able to negotiate at least a 20% reduction on your own but a good debt settlement company will save you at least 40%, (this is how they earn what you will eventually pay them.
  3. Is the plan realistic?  If you only make $3,000 a month and you owe $30,000 it probably is not realistic for the company to expect you to pay off even 60% of this debt in a year.  Just make sure you can continue to service your repayment plan.  One questionable practice in the debt settlement industry is to set you up to fail so they can offer you bankruptcy.
  4. Do they offer bankruptcy services?  If they are a full service debt settlement and bankruptcy service it seems they may have all the options but maybe not your best interest in mind.  It is not to say that they are of two minds but you will need to at least take it into consideration.
  5. Can they stop the collection calls?  What is the point of going through the process of debt settlement if they are not going to contact your creditors after enrollement and let the creditors know that they are indeed working on your behalf?  Make sure they are going to contact your creditors after signing up. 


Debt settlement is a great alternative to bankruptcy but like any industry, is full of people more interested in what you have to offer than what they can provide.  Asking the right questions can save you a lot in the end.

For a company that meets all the criteria listed above, contact Debt Free USA by using the "START HERE" form to the right.  Enter your estimated credit card debt, your estimated other unsecured debts and answering the My Bill  Payments are question.  Then hit the "GO" button and you will be asked some additional information.  We will contact you almost immediately after that unless it is after business hours then we will call you the next business day.

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We provide Debt Settlement and Debt Management Programs in the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Gorgia, Illinois, Indiana, Iowa, Lousiana, Maryland, Massechussettes, Michigan, Minnisota, Montana, Mosouri, Nebraska, Nevada, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennesee, Texas, Utah, Washington.
*Individual results may vary and are based on the ability to save funds and successful completion of the program terms. Debt Settlement program does not assume or pay any consumer debts, and does not provide tax or legal advice. Program not available in all states. Read and understand all contract terms prior to enrollment.
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