http://www.aboutcreditcarddebt.com/debt-management/debt-management-company.html A debt management company can get you great deals on debt management programs. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Finding A Debt Management Company If you're in debt, finding a debt management company isn't a hard task. In fact, the easiest way to do it is by surfing the Internet. Why? Because that's your best resource. You might find one or two debt management companies in the Yellow Pages, but if you want to really shop around for a debt management company, your best bet is to go online. That's not to say that you shouldn't check out the ones you find in the Yellow Pages, but don't limit yourself to just those. Go online and fill out the forms you can find on these companies' web sites. Within 24 hours, they'll get back to you with recommendations and suggestions about your situation. Compare and contrast these. Narrow it down to what works for you. Just make sure any debt management company you consider (and its counselors) is certified and accredited by the National Institute for Financial Counseling Education. In addition, make sure there's a physical street address, not just a post office box. What to Expect When you finally choose a debt management company to work with, expect them to do an in-depth analysis of your financial situation. This will require you to divulge more information than you initially did on that first form. Then they will be able to suggest the right debt management program for you. Expect to hear about one of these debt management programs: Debt consolidation Debt consolidation loans Debt consolidation mortgages Debt settlement Student loan debt consolidation The right program for you will be determined by what your resources are and what type of debt you have. Most of these programs will have you out of debt in five years or less, and they all have to be administered by a debt management company. You might be able to try a couple of these on your own, but a debt management company has already forged relationships with your creditors, so they'll be able to get you a much better deal than what you can probably get on your own. After all, if you've had late payments, or missed payments altogether, your creditors might be skeptical of you. Your creditors will feel more comfortable working with a debt management company and their ability to pay because they've worked with them many times before. It's nothing personal, but put yourself in your creditors' shoes. What would you do then? You'd probably work with a debt management company instead of the debtor. And that's exactly what you should do too. Sat, 26 Jul 2008 15:00:00 EDT