Business & Finance Debt

Want to Identify Fraudulent Debt Settlement Companies? Rely on the Following Hints

One thing that you should be very scared of when dealing with any debt settlement service provider is contradictions.
If you get to hear one thing during your first meeting and if you get to hear something completely opposite during the second, you should consider it as a very big warning sign.
Chances are high that the third meeting will throw up something completely new.
The end result is that you would be offered many promises but the final contract that you sign with the debt settlement service provider will be completely different.
Chances are high that you would have refused the deal had it been offered to you at the very beginning.
However, that is how fraudulent debt settlement companies work.
Most of us do not even remember what was spoken during the last meeting.
That is the reason why you should follow the habit of taking notes during the meeting.
This may seem very odd and may elicit comments and even snide remarks from service provider.
However, you should just ignore the same.
Simply inform the service provider that you shall be taking notes of all that is promised during the meeting.
There have been instances where service providers have refused permission outright.
There have been instances where service providers have suggested artificial changes to your notes.
All these are hints and signs that will tell you whether you should continue with the same debt settlement service provider or not.
The best provider would be one who not only encourages you to take notes but also requests you to hand over a copy for further reference.
This means that the debt expert does not have anything to hide.
So, why don't people follow this approach? People do not do so because they feel embarrassed to protect themselves.
They feel that they will be presenting themselves in poor light if they try to take notes during the meeting.
You have fallen into the problem of a debt trap because you were not very aggressive in protecting your finances.
You were irresponsible and casual.
If you commit the same mistake again, chances are high that you will fall into the same trap again.


Leave a reply