| Home | Free Articles for Your Site | Submit an Article | Advertise | Link to Us | Search | Contact Us | |
Custom Search
|
Article Surfing ArchiveBill Consolidation Company - Comparing Debt Management Programs - Articles SurfingA bill consolidation company takes the hassle out of managing your debt. They handle your monthly payments, negotiations with your creditors, and repayment strategy for a small fee. Through reduced rates on your bills, debt management companies can save you years on debt payments. But before you sign up with a bill consolidation company, make sure they are skilled and have reasonable rates. Signs Of A Good Bill Consolidation Company Bill consolidation companies work to get you out of debt. A good debt management company will have already established relationships with creditors, so they will know what the standard rate reduction will be. All debt management companies will get you the same interest rate reduction on credit card accounts. With experience, bill consolidation companies can give you specific dates on when your accounts will be paid off. They don't even need your account number to tell you want month and year each account will be debt free. Professional debt managers will also be open about their fees. Companies will either charge you an upfront fee that is partially refundable at the end of the program or a small monthly fee while you are in the program. Evaluating Debt Management Programs When comparing debt management programs, look for details. You want a program that can give you specifics about pay off dates and fees. Also evaluate how fast of a response you get to your questions. Fees are a cost to consider. Upfront fees can be cheaper, especially if you get a partial refund at the end. However, many people leave the program before they are completely out of debt, losing out on services and the refund. A pay as you go system offers you the most flexibility. What To Watch Out For Besides outrageous fees, also watch out for companies that try to get you to consolidate all your bills. For student loans and mortgages, debt management companies cannot get you a better rate. But if they handle the account for you, they will charge you an additional fee. Be wary of companies that ask for your sensitive financial information, such as account or social security numbers. These companies are either scammers or inexperienced.
RELATED SITES
Copyright © 1995 - Photius Coutsoukis (All Rights Reserved). |
ARTICLE CATEGORIES
Aging Arts and Crafts Auto and Trucks Automotive Business Business and Finance Cancer Survival Career Classifieds Computers and Internet Computers and Technology Cooking Culture Education Education #2 Entertainment Etiquette Family Finances Food and Drink Food and Drink B Gadgets and Gizmos Gardening Health Hobbies Home Improvement Home Management Humor Internet Jobs Kids and Teens Learning Languages Leadership Legal Legal B Marketing Marketing B Medical Business Medicines and Remedies Music and Movies Online Business Opinions Parenting Parenting B Pets Pets and Animals Poetry Politics Politics and Government Real Estate Recreation Recreation and Sports Science Self Help Self Improvement Short Stories Site Promotion Society Sports Travel and Leisure Travel Part B Web Development Wellness, Fitness and Diet World Affairs Writing Writing B |