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You can choose a debt reduction company like Freedom Debt Relief, who can negotiate with your banks to reduce your debt amount and one can become debt free in the least amount of time. I took their service which was very good. I question the value of debt consolidation companies. I have an article on my website discussing how Chapter 13 bankruptcy is often preferable to private debt consolidation companies. Answer 2

The safest way is to choose a company that is accredited to the Better Business Bureau. Check out facts. The internet is a good place to look for comments and reviews in forums. See what others have to say about a particular company. Check out the history of a company - proven track record, BBB ratings, etc. The highest BBB rating is A+. For more information, visit the link below.

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Q: How do you choose the right debt consolidation company ensuring that you will not get ripped off?
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Are there any debt consolidation companies that are trustworthy and will not rip you off?

Yes there are...Whenever you go to consolidation before submitting your documents you need to inquire about the company and you can always see if a company is listed in BBB. Because there are some non-profit organization who say that we provide debt conosolidation for free but then they charge you in one or the other way... Do take a view in related link == == Answer People often have bad experiences with some debt consolidation companies.Contact a local lawyer or attorney. They will give you something like a free 30 or 60 min session. Ask them what they think about the laws in your state and how they can help you further.Answer 2: Yes, there are debt consolidation companies which have a proven track record and will not rip you off. A good way to find out whether a company is trustworthy is to check whether it is accredited by a third party such as the Bureau Veritas. View the history of the company. If the company is too young it may not have had a chance to gain a proven track record. Choose companies which are well-established and have a BBB rating of A+ to minimize the risk of being ripped off. For more information, check the link below.== ==


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