Christian Debt Recovery

Consumer Debt Advocate Bbb

October 25th, 2007 |

Author: Gavin

Debt Relief Services-Three Warning Signs Of A Bad Credit Counselling Firm

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With the recent economic upheaval there has been a huge increase in the number of scam debt relief companies which take away the last penny off an already needy person. Most of these companies are in the form of a debt relief company or a credit counselling agency. This article aims at highlighting a few signs which will help you recognise a bad credit counselling firm and avid it.

Check their business license for your state – One of the most basic check that a consumer can do is to ask for the business license for your state. You will be shocked to see the number of agencies which will be unable to provide you will a proper certificate. In some cases the company does have a license for business but it will not be for credit counselling or debt counselling. By checking for the license you can avoid falling prey to scams.
Check for the website on a client advocate website: There are several client advocate websites which report about various scam companies. You can check if the company you have approached is listed on these websites. These websites allow previous clients to share their experience with others. This helps in warning future customers of the company’s activities. Some of these sites are RipOffReport.com, Scam.com, ConsumerAffair.com etc.
Members of accrediting agencies: A client should avoid companies which are not a member of BBB or some other accrediting agency in the debt relief industry. The members of such agencies have to follow certain norms regarding their services. These companies are regularly reviewed by the agency for their policies. Any company which cannot furnish a membership to such associations should be avoided. This is a signal that the company is refusing to abide by certain norms of the industry.

Another sign of a scam company is that they would be running a no experience advertisement. Such companies pop up by the night and start hiring everywhere. You can check if your company has been running job adds lately. All companies need to run job adds but scams are keen on recruiting individuals with no experience. They mostly need people who can run through a script that they have and get them new clients to dupe. These tips will help you keep off from bad credit counselling firms. In case you have had a bad experience you must report it at once to the concerned authorities.

About the Author

The Writer is research analyst with Financial Solutions, which is an organization that helps overextended consumers with manageable debt settlement plan. For more information click the link www.uscaonline.com debt settlement